Social Security

The odds that your clients will one day stay in an assisted living home increases 1.4% per year, starting at age 65.

Proceeds from selling their current home can be augmented with a "reverse mortgage for purchase," which doesn't have to be repaid until they sell, move out or pass away.

Proceeds from selling their current home can be augmented with a "reverse mortgage for purchase," which doesn't have to be repaid until they sell, move out or pass away.

Preferred stocks are good candidates for retirees' investment portfolio as they provide regular income that is greater than the interest payments from a corporate bond.

Preferred stocks are good candidates for retirees' investment portfolio as they provide regular income that is greater than the interest payments from a corporate bond.

Investors are better off having target-date funds than balanced funds as TDFs provide broader diversification and focus on minimizing risk.

Investors are better off having target-date funds than balanced funds as TDFs provide broader diversification and focus on minimizing risk.

Many people have the misconception that Social Security will become insolvent over the next 20 years.

Many people have the misconception that Social Security will become insolvent over the next 20 years.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.