Family ... Ask Marilyn
Weekly questions from readers with Marilyn's insightful answers about issues of aging common to all of us who are in their 50's and above.
Do you have an issue you need to talk about? Ask Marilyn your question here.
She holds a BA in English and Anthropology from San Francisco State University with graduate studies at Cornell University Extension and is a Certified Life Coach through
Coach Training Alliance, Boulder, Colorado,
Marilyn is a member of NAPO, National Association of Professional Organizers, MDBW (Mt. Diablo Business Women), NASMM (National Association of Senior Move Managers), World Future Society, Elder Care Matters Alliance and is past President of the East Bay Chapter of the ICF (International Coach Federation)
September 5th, 2010
Marilyn,
We are so confused that we don't know what to do. We hear about reverse mortgages, Life settlement plans on insurance policies, and a lot of other methods for helping us make our money last. My wife and I are living longer than we ever thought we would.
What sort of professional would you suggest we speak to? An insurance agent, a financial advisor or this new thing we have seen advertised in the local paper, some sort of senior advisor?
Aging Well in DC
Dear Aging Well,
This is a situation that many seniors are finding themselves in: You are living longer than the current insurance and retirement mortality tables expected! Good for you!
If you already have a financial advisor, this would be the person to contact. The rules about taxes and retirement funds are complicated and change so often, it is really advisable for everyone to have a financial planner to handle their investments, taxes and finances. Don’t try to figure it out on your own. Would you do your own brain surgery? No! It’s not just for the rich and famous! It’s the best investment you will ever make in your financial security. If you don’t
currently have an advisor, you need to find a CFA, a Certified Financial Advisor. You have many options, not just reverse mortgages. Find out what they are!
You can also contact The Society of Certified Senior Advisors to find a professional in your area. You want someone who is not linked to a specific service or company but has your best interests at heart, whatever that might be.
MARILYN ELLIS, CTACC, Lighthouse Organizers, LLC
Author, Speaker, Professional Organizer,
Senior Move Manager, Business Development Coach
Marilyn’s company name, Lighthouse Organizers, LLC, reflects her true desire to help people navigate through their busy and challenging lives.
As a Senior Move Manager, Marilyn loves helping seniors and their families downsize and get organized so they can move forward to happy, safe and engaging lives. Working with seniors and those who serve them is the greatest pleasure and privilege in her business life.
As a Professional Organizer and Certified Life Coach, Marilyn loves helping her clients change their thinking so they can change their lives.