May 2016

May 2016

Parents, Alzheimer's & Money - Easing Into a Difficult Conversation.

Submitted by Blue Chip Financial on May 13th, 2016

Every eighth American aged 65 and older has Alzheimer’s disease, and 43% of Americans aged 85 and older have it, according to the Alzheimer’s Association. Consider those percentages in light of the Social Security Administration’s estimate that about 25% of today’s 65-year-olds will live past age 90. These shocking statistics have serious implications for family wealth.1,2

Tell Your Beneficiaries About Your Accounts and Policies

Submitted by Blue Chip Financial on May 13th, 2016

Will your heirs receive a fair share of your wealth? Will your invested assets go where you want them to when you die?

If you have a proper will or estate plan in place, you will likely answer “yes” to both of those questions. The beneficiary forms you filled out years ago for your Individual Retirement Account (IRA), your workplace retirement plan, and your life insurance policy may give you even more confidence about the eventual transfer of your wealth.

One concern still remains, though. You have to tell your heirs that these documents exist.

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