PERSPECTIVES - CLIENTS IN THEIR SENIOR YEARS
by John B. Linvill, Jr., CSA ~ April 2010

Financial Concerns –

• Assets matter; willing to accept less return for more stability;
• Cannot start afresh to build assets since I am in retirement;
• Afraid of out-living my assets; cannot keep my spouse from worrying
• Cannot control the future tax environment

Family Concerns –

• Can I afford to gift to children or grandchildren?
• Leaving an estate to my children, maybe, maybe not
• Concerns about my children will change over time
• My assets are for my kids, so let’s watch expenses
• Should we establish a foundation to help our community?

Health Concerns –

• My greatest risk; now that I think about it, I want to hang in there to see a
  grandchild’s wedding
• What if my spouse or I require serious care now or in 15 years? How much might that cost?
• Affluent people tend to live longer, thus increasing the chances for care; no fun having the children play caregiver
• Should I need care, I want quality care, perhaps 24/7 Home Care
• In the future, my spouse and I will become too frail to provide care for each other

I cannot control my future but I can execute various plans to provide options.

Long Term Care Planning can go a long way to preserve assets, preserve family harmony, preserve the retirement distribution plan and the allow the estate plan to play out.

John B. Linvill, Jr., CSA ~ (610) 688-1587
www.jlinvillLTC.com ~ www.jlinvill.com

All Material ©2010 John B. Linvill Jr., CSA
Reproduction of this article is prohibited without the express written consent of the author.
Inflation calculations are based upon current economic statistics and estimates for the Philadelphia area.