Estate Planning Document

Late Life Planning 101

Estate Planning Document

Each stage of our life presents unique challenges. As investors, such an evolution represents a transition in how we deal with each unique solution to the challenges we face over a lifetime.

One day, we might wake up and realize that things are changing again, meaning we're faced with new questions that we've never had to answer before. These can include:

  • "Where do I want to live?"
  • "Will I have enough money to retire?"
  • "What are my resources?"

All of these types of questions can be daunting and create a tremendous amount of confusion and stress in our daily lives. During such times of changing life circumstances, some investors might find that financial services representatives and brokers will be especially aggressive in pitching you with ideas and sales pitches that weren't a concern in the past.

For my clients, I've found that breaking such life planning issues into simple-to-follow steps can be a good way to start tackling any question and avoid a sense of becoming overwhelmed by the whole process. Here are some suggestions to help proactively deal with such an undertaking without letting it control you:

Step 1: Have the conversation. Work with an independent professional wealth manager who can help guide you through the process and answer any questions you might run into, both now and in the future. Examples of issues that can present themselves later in life include:

  • Insurance Needs
  • Reverse Mortgages
  • Living Options & Costs
  • How to generate portfolio income
  • How to transfer assets to heirs

Step 2: Evaluate your options. It's important to understand that you have choices. An advisor who is acting as a true fiduciary on your behalf should present multiple options and provide you with recommendations based on what's in your best interests.  

Step 3: Commit to your plan. Like a coach, my role as your personal wealth manager is to serve as a quarterback to help guide you through your financial concerns over a lifetime. 

For more information on how we can help with your personalized late life financial plan, please contact Denise Delaney at 949-428-0457 or [email protected].


This is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, product or service. There are no guarantees investment strategies will be successful. Investing involves risks, including possible loss of principal.