It’s Not Too Late for A Financial Plan Even If You’re No Spring Chicken

The average age of prospective clients coming to Red Feather Financial inquiring about financial planning is 72 years old.

They always ask, “Am I too old to make a financial plan that will make a difference?”  “Am I too old to quality for long-term care insurance?” “Is it too expensive?”  They are filled with questions and doubts about the opportunities for creating a viable plan at such a late stage in life.

Some Come with A Recent Diagnosis

Some of our older clients come to us for the first time with a recent diagnosis of Alzheimer’s or Parkinson’s or MS and wonder if it’s too late to do anything. Our answer is typically the same: “No. You are the average age of most clients who come to us for the first time.” Typically, there are always options for long-term care insurance even with an early diagnosis.

The sense of relief these clients experience is palpable over the phone. When they arrive, and we begin to explore their options, something almost magical happens. They begin to exude a newfound sense of confidence.

Every Journey Begins with The First Step

This just goes to show you that more often than not people put off financial planning until the last minute. Typically, clients will come to us with 401k or IRA savings and nothing else. Even if there is a retirement plan in place, very often it doesn’t include long-term care. We will always encourage financial planning sooner rather than later, but no matter when you begin, it’s better to have a plan than not have one.

Regardless of when you begin, we will look at the entire picture. Typically, we can provide a plan that will include income for life, asset protection and long-term care. Our objective is to help our clients feel safe and secure in their long-term care plans.

Most People Don’t Want to Be in A Nursing Home

We hear it over and over again. Most people say they don’t want to be on Medicaid. What that typically means is that they don’t want to be in a nursing home.

When we look at the big picture, we can often create a plan that will include payment for an at home caregiver. Very often that caregiver starts off being a family member.

Do not be afraid to reach out for help creating a financial plan no matter your age or if you’ve been recently diagnosed with an illness. We are here to help enhance your current resources and to find ways that you may not be aware of to help you feel safe and secure as you begin to slow down and get more serious about your remaining years and assets that will cover your care. Give our offices a call and let us explore your best options.


Investment Advisory Services offered through Center Street Advisors, Inc. (CSA), an SEC Registered Investment Advisor.  Red Feather Financial and CSA are independent.




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Investment Advice offered through William Joseph Capital Management, LLC, a Registered Investment Advisory Firm (RIA) registered with the U.S. Securities and Exchange Commission (SEC). Lower fees for comparable services may be available from other sources. Sabrina Scott is an Investment Advisor representative of William Joseph Capital Management, LLC. Red Feather Financial and its representatives provide insurance services separate from William Joseph Capital Management LLC. Red Feather Financial is not affiliated with William Joseph Capital Management LLC.