YesCare’s Post

Ask an Advisor: Navigating Widowhood with Financial Confidence Q: I'm recently widowed and unsure about my next steps in handling financial decisions alone. What should I do? A: Losing a spouse is an incredibly challenging life transition, especially when it comes to navigating the financial aspects solo. At Northstar, we want to reassure you that while the journey may seem daunting, with us, you're never alone. Here are your immediate next steps, and how we can support you: Review and Update Estate Plans: Changes in your life mean changes in how you might want to manage your estate. We can assist you in revisiting and updating your wills and trusts, ensuring they reflect your current wishes and provide for your loved ones as you intend. Stabilize Your Income: We'll help you take a comprehensive look at all potential income sources—from pensions and investments to any survivor benefits you might be eligible for. Our goal is to structure these to provide a reliable income stream that supports your current lifestyle and alleviates financial concerns. At Northstar, we're more than financial advisors; we're partners in your journey to regain stability and confidence in your financial life. We provide tailored guidance and support at every step, ensuring you feel empowered and secure. For deeper insights and actionable strategies, check out some of our blogs for widows: - Understanding Financial Planning For Widows: https://lnkd.in/eBPGS7R7 - Practical Planning Helps Widows Prepare For Loss: https://lnkd.in/e3Bs2Pg9 - The Journey Forward: A Widow’s Guide to Taking the First Steps: https://lnkd.in/gwqTT4W5 #FinancialGuidance #WidowSupport #EmpoweringYou #NorthstarGuidance

📅 March 19th: On this day in history, Julius Caesar was having a really rough week back in 44 BC. While we can't plan for every 'Et tu, Brute?' moment, we can certainly prepare for the unexpected twists of our own futures. 🗡️👀 Enter long-term care planning, the unsung hero that ensures you're not caught off guard, even if your friends and family aren't plotting your downfall. Think of it as the armor you wear to the Senate of life, protecting you from the financial blows of aging. 🛡️🏛️ So, let's not wait for a soothsayer to warn us, 'Beware the costs of March!' Start your long-term care planning today, and ensure your golden years are spent in peace and comfort, not in a Shakespearean drama. After all, the only thing we want to be dramatic about in retirement is our bingo wins. 🎭🎲 #LongTermCare #BewareTheIdesOfMarch #FinancialPlanning

Gen Xers caring for aging parents and children face many financial and emotional demands. In this episode of the Retirement Repair Shop, Rod Mims, SVP and National Sales Manager at Athene, shared these ideas for #Financial professionals to help sandwiched clients address some of the pressures. https://lnkd.in/guiVTr5u

Tuesday's Tip: Explore options and resources to make senior living more accessible 🌟💰. Discover solutions that can help ease the financial aspects of transitioning to a senior care community. We can help you navigate through all of the possibilities. From retirement and social security income to Veterans Benefits. I can help you potentially uncover assets you weren't aware of, at NO COST TO YOU. Contact me at 810-643-1182 or [email protected] to learn more. #AssistedLivingLocators #SeniorLivingOaklandCounty #SeniorLivingGeneseeCounty #FinancialOptions #SeniorLivingCosts

📅 March 19th: On this day in history, Julius Caesar was having a really rough week back in 44 BC. While we can't plan for every 'Et tu, Brute?' moment, we can certainly prepare for the unexpected twists of our own futures. 🗡️👀 Enter long-term care planning, the unsung hero that ensures you're not caught off guard, even if your friends and family aren't plotting your downfall. Think of it as the armor you wear to the Senate of life, protecting you from the financial blows of aging. 🛡️🏛️ So, let's not wait for a soothsayer to warn us, 'Beware the costs of March!' Start your long-term care planning today, and ensure your golden years are spent in peace and comfort, not in a Shakespearean drama. After all, the only thing we want to be dramatic about in retirement is our bingo wins. 🎭🎲 #LongTermCare #BewareTheIdesOfMarch #FinancialPlanning

Interesting article in The Wall Street Journal today about a record number of Americans turning 65 this year and how they are different from the 65 year-olds of prior generations. In 15 to 20 years, we will likely see a record number of Americans reaching the prime ages for long-term care claims. I'm curious to see how some of the differences highlighted in this article (e.g., more wealth, more active lifestyles, higher divorce rates) will impact future long-term care experience and how it may vary from the historical experience we've seen so far. Something to consider as we develop assumptions and project future experience. https://lnkd.in/gbwZWW8u?

𝐆𝐑𝐀𝐁 𝐘𝐎𝐔𝐑 𝐅𝐑𝐄𝐄 𝐂𝐎𝐏𝐘: 𝐁𝐄𝐒𝐓 𝐒𝐄𝐓𝐓𝐋𝐄𝐌𝐄𝐍𝐓 𝐏𝐑𝐀𝐂𝐓𝐈𝐂𝐄 𝐆𝐔𝐈𝐃𝐄 𝐁𝐘 𝐐𝐃𝐑𝐎 𝐄𝐗𝐏𝐄𝐑𝐓 & 𝐃𝐈𝐕𝐎𝐑𝐂𝐄 𝐀𝐓𝐓𝐎𝐑𝐍𝐄𝐘   Navigating retirement settlements can be a maze filled with errors. One wrong step could have you teetering on the edge of malpractice. Sounds familiar? That's why I teamed up with divorce attorney Mark I. Plaine, Esq. Together, we've identified key mistakes and court rulings, offering practical tips for handling these areas in settlements:   - Misidentification of Retirement Plans - Failure to Address Survivorship Options - Retiring on Disability - Failure to Address Investment Gains and Losses - Plans in Pay Status   EMAIL ME for Your Own PDF Copy: [email protected] #divorcelaw #familylawattorney #malpractice #legaleducation #QDRO

How we see and judge information is influenced by our generational experiences. Each generation has its own distinctive experiences that shape their common journey through history. This has a significant impact on how we deal with money, retirement, and relationships.  My grandparents were of the Silent Generation. They believed in marriage hard work, were driven by duty to others, and resisted financial help.  Is your experience with the Silent Generation the same? #wealthandhealth #healthandwealth #wellbalanced #worklifebalance #CertifiedRetirementCounselor www.SonaWealthAdvisors.com

Check out our Live Talk featuring legal and financial experts discussing common financial mistakes that people make during a divorce regarding their marital home, retirement plans, and retirement accounts.➡️ https://rpb.li/TDb #andersonandboback #chicagodivorce