Blog Archives for tag life resource planning
Life Resource Planning Meets Needs Beyond Retirement
Seniors are the fastest growing segment of the population, not only in the United States, but in the world. Currently, individuals age 65 and over represent 13% of the U. S. population – about 41 million people – but this will grow to 20% — 88 million — in just a matter of 38 years. Seniors also control a great deal of the wealth in this country. (USNews)
Even though many seniors have put together financial plans or completed retirement planning, very few have a plan in place for later life needs.
Most healthy, active seniors ignore this type of planning. The need for later life planning is typically recognized when, due to the aging process,
- the senior’s family realizes that their loved one’s savings and investments will run out,