Several of our clients are receiving reminders from Charles Schwab & Co. to name a Trusted Contact for their accounts. Here’s some information to help you understand what a Trusted Contact is, and why you should consider naming one. What’s a Trusted Contact? A “Trusted Contact” is a person that you authorize your brokerage firm […]
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How Caregiving Duties Are Pushing More Women Out Of The Workforce
Many working age women (and men) – and quite a few of our clients – are caring for aging parents. That’s a difficult and often exhausting job. A recent New York Times article on the reality of caregiving (“Why Aren’t More Women Working? They’re Caring for Parents”) showed how women caregivers are often forced to drop […]
Florida Among Best Places To Start A Small Biz
Dreams of starting your own business? You’re in the right place in Florida. Our state came in 6th place in Wallet Hub’s annual survey of best and worst places to start a small business (Texas and Utah took the top spots). Florida has an outstanding “business environment,” says Wallet Hub, but lost ground with its slightly […]
Today’s Savings Tidbit: On The Job After Age 70? You Can Still Do Wonders!
We have more than a few clients who are still on the job after age 70. Many of them are business owners, and they love what they do. Some intend to stick around until they ultimately sell the business or transition it to the next generation of owners. Most of these business pioneers are well […]
Why We’re Lonelier Than We Used To Be, And What To Do About It
One of the trends researchers are seeing is a drop in social engagement among the age 55-to-64 crowd, compared to what was typical twenty years ago. Social engagement normally encompasses interaction with friends and family, and involvement with volunteering and spiritual groups, work and neighbors. Why this matters: Social engagement is critical to keep you […]
Travel Insurance: Why You Shouldn’t Leave Home Without It
“Medicare doesn’t cover medical costs outside the U.S.” That’s a good reminder from retirement expert Mary Beth Franklin on why you need travel insurance if you’re 65+. Mary Beth spent years at Kiplinger’s Personal Finance magazine and started a late-in-life second career as a Certified Financial Planner and Social Security expert. Travel insurance, says Mary […]
Premiums Skyrocket For Florida Long-Term Care Policies
Did you catch the article in Sunday’s South Florida Sun-Sentinel about how long-term care premiums are skyrocketing? The numbers are staggering. “Longtime Blue Cross Blue Shield of Florida policyholders have been notified by mail in recent weeks that annual premiums for their coverage will increase by an average of 94 percent through 2021,” writes Ron […]
Thinking Of A Life Care Community?
We took time out last week to visit John Knox Village (JKV), a Life Plan Community located to our south in Pompano Beach, Florida. As many of you may know, JKV is situated on 70 acres between Ft Lauderdale and Boca Raton, and celebrated its 50th anniversary last year. Mari has been visiting clients who […]
Quote Of The Week: Becoming A Caregiver, 30 Years Earlier Than Expected
“There comes a point in time where everyone has to care for a parent. It just happened 30 years sooner than I ever anticipated it.” Interview with Adrienne Glusman, who became her mother’s caregiver at age 29, as interviewed by Clare Ansberry, “The Call to Care for Aging Parents Comes Sooner Now,” The Wall Street […]
Elderly Woman Was Financially Exploited, Says Police: How You Can Protect Your Loved Ones
Almost every day, there’s another news story about elder fraud. This week’s Sun-Sentinel reported on the appalling case of a local 87-year old woman who was allegedly swindled out of her home, bank and retirement accounts, then forced into an assisted loving facility. It took months for police to be called in and unravel the […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
