Remove 2040 Remove Estate Planning Remove Numbers
article thumbnail

How Financial Advisors Can Help Protect Elderly Clients From Fraud

WiserAdvisor

is expected to have an astounding 80 million older people aged 65 and above by 2040. Some studies also show that by 2034, the number of older adults will outnumber children. Help the elderly with estate planning Estate planning is an integral component of financial advice for seniors.

article thumbnail

How Your Health Should Factor Into Your Financial Planning

WiserAdvisor

This amplifies the medical costs that come with it and brings the need to factor in potential medical expenses in your financial plan, including insurance premiums, deductibles, and co-pays. The average national cost of individual health insurance for a 40-year-old in 2023 is $560, a 4% increase from 2022 for silver plans.