An elder law attorney can add retirement planning services to their practice by partnering with an experienced retirement planning professional and sharing any insurance commission revenues. There’s no sharing of estate planning legal fees, of course, and the attorney does need to obtain a life insurance license. Check out our products and services below.
Near to or early in retirement magnify the client’s risk of running out money later in their lifetime. The timing
of equity and bond market declines is very important. If bad years for the stock market happen early in retirement, your nest egg may not last
your lifetime because you will be spending principal instead of income.
One consequence of having greater planning responsibilities and living much longer is that financial mistakes can have much higher costs and consequences. Whether one seeks professional advice or makes their decisions by himself or herself, the decision-making pressure today is much greater. That pressure does not make for better decisions. It’s probably better to have the advice of others, and especially when those others can be part of your team.
