Senior Market Advisor

More seniors tapping home equity

The current economic crisis is leading many older Americans to take value out of their homes via home-equity loans or reverse mortgages.

Coalition praises anti-151A legislation

The Coalition for Indexed Products has voiced its support to a newly introduced companion bill to the Meeks-Price Bill, designed to defeat the SEC's 151A efforts.

New study reveals who buys LTCI

The 2008 study showed that nearly half of LTCI buyers were under 65 years of age and just over 10 percent were between the ages of 45 and 54.

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Seniors Speak Out

What is your biggest objection to using an advisor?

“I don’t know. It’s kind of hard to pin down. Maybe it’s a gut instinct thing. I feel like if I open up my pocket, somebody’s going to take advantage of me.”
Terry O., 61
Jacksonville, Fla.

I’m retired from the financial world and don’t need somebody else to tell me what I already know. I don’t mean to come across harsh ... I don’t mean it that way. But I do feel like with nearly 50 years in the business, I know what I want to do with my money.
Nelson A., 66
Atlanta, Ga.

It’s the money. I’m on a fixed income and can’t see it being possible to take some of that money out. I barely make ends meet with what I have.
Marge V., 64
Oakland, Calif.

I lost about 30 percent of my savings last fall. I was happy to leave my money in the bank, but I listened to a financial guy who had me put my money in the market. That’s the last person I’ll be listening to in the future.
Al D., 67
Tustin, Calif.