Solo Agers Need Team.
Solo Agers need Team to assemble a support network of professionals. Working together, they can be sure you receive the help they need.
SOLO AGERS-The primary goal of the Aging Life Care Manager
- An Aging Life Care Manager is an advocate knowledgeable in aging who can help you develop an overall plan based on your specific preferences and resources. They understand the medical, psychological, and social factors that will all come into play with each decrement in aging. As experts in aging well, they can help you with the overview of what to expect, point you to the best providers, and suggest cost-effective options. But once the plan is in place the solo agers need a financial planner like a wealth manager to cover the cost of their futures health challenges as they age and experience the decrements of age, that the Aging Life Care Managers have identified
- A financial advisor will help you determine how to achieve the financial reserves you need to afford your medical, social and housing and care need for perhaps the next 50 years.
SOLO AGERS_Primary Goal of Financial Advisors or wealth managers:
Solo Agers need a retirement plan to ensure that the nest egg that the SoloAger created will allow them to go through the stages of aging in the aging life plan the Aging Life Professional created can be paid for insuring that they can continue their current lifestyle at each level of care– ensure that they will never run out of money. So if they an upscale assisted living Facility at $8000 a month want and assisted Living the money is there to pay for it
Solo Agers need a solid team of financial advisors, trusted friends, and others that will be there as they need help with financial help later in life.
Solo Agers need to Understand their living options. Many seniors are not sure they want to move. They need a financial advisor that understands the unique challenges of Solo Agers, including the full range of living options available at each level of care, as Medicare does not cover long-term care. So you need a financial plan to insure the money is there to pay for long-term care and the financial advisor will do that
The Challenge: Solo Ager, generally someone age 50 or older, currently single (widowed, divorced, never married, or otherwise without a life partner), and not having adult children who can provide support as they age. Care Manager choices within your zip code can be found at
Although Solo Agers have many of the same financial concerns as others, they also have unique concerns that not all Wealth Management firms have expertise in providing this information. So it is important to find the firm that fits the Solo Agers’s unique needs. Find a wealth managers that fit your need as a Solo Ager
SOLO AGERS_The Primary Goal of an Elderlaw attorney
- An elder law attorney is required to help you draw up the documents all older adults should have in place: a will or living trust for disbursing your assets; documents naming your health care and financial decision-makers should you be unable to make decisions yourself. The association of elder law attornies NAELA can help you find one in your area
The great thing about Solo Agers is that they are planning their aging, are highly educated and have the income for care managers, and can afford private care aging without Medicare covering long-term care
Solo Agers: Your Next Generation Client in the Upper 10)%
Sign -up for Free WebinarDescriptionWho are solo agers
Why you should know about them
What makes them unique as clients
What services you can offer them
How do you market to Solo Agers
How you can do life care planning for them with wealth managers and attorneys