Tuesday, October 14, 2014

THE NUMBER ONE FEAR OF SENIORS



Back in the day when my parents grew up their parents were generally all taken care of by pensions. Prior that families lived together sometimes three and four generations in the same house, with the younger taking care of the older. For the last 30 or so years the lives of seniors has evolved.

We and our parents are in the process of becoming the pioneers of the 401(k) and IRA generation. This comes with its own set of challenges. Care, for example, has had to change greatly, with family members having to commend to their parents homes to help take care of them. This is given rise to the free market building more on more home care and home healthcare agencies by the day.

It has also spawned a new deep-seated fear, the fear of outliving your money. For many seniors, this is a very real fear and in a lot of cases a very real outcome. It has also given rise to other industries, which is financial planning, senior law as well as things like reverse mortgages. These are all tools of seniors and their families can use to help plan for the fact that seniors are living longer and longer.

We encourage all families and all seniors to look into some of the services now rather than later. It really is never truer early to begin planning for your senior years. There are many very good financial planners, senior law offices and reverse mortgage specialists out there. At one senior source. We encourage you to look into these services. This week's radio show has three but we have found to be very good in these areas has a law, Redstone advisors, and of course our good friend Craig Clayson from security national mortgage Corporation.

Listen to our show this week on 860 a.m. Utah's big talker and hear what these gentlemen have say. Or you can contact us at 1-844-981-0099, or e-mail me Dennis@oneseniorsource.com. Or, as always, check out the website www.oneseniorsource.com

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