Financial Tips for Baby Boomers

in love African American couple in their eighties and seventies,Did you know that the average American spends more time researching the features of their cable television channel offerings, than they do finding a reliable financial advisor?

It sounds … insane … for lack of a better phrase, but it’s true. (see the Forbes Financial article we will reference at the end of this post) Sometimes this even involves making decisions about how pension or social security money will be received. These could be the only funds a person will be receiving, to live on for the rest of their life. Obviously it’s important that they be managed properly, yet so many are just “winging it” and this can have devastating consequences!

It’s also important to make sound financial decisions based not solely on where you are NOW, but where you will be in 20 or 30 years. Will your home be safe and comfortable for you when you are 75, 85? Do you have a plan in place for how you will manage if your spouse passes away before you, or a care plan for them to get along without YOU?

These can be uncomfortable conversations to have, but to secure your future, they are very necessary.

A trained financial planner can assist you in all areas mentioned above, and more! Check out this article from Forbes Financial, and feel free to reach out immediately if you’d like a consultation with one of Cornerstone’s Financial Advisors. Our services are always at no cost to you!

https://www.forbes.com/sites/feeonlyplanner/2015/06/05/five-easy-pieces-of-financial-advice-for-baby-boomers/#1fd30f854ae8

 

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