Albany Financial Advisors for Seniors

What to know when choosing Albany financial advisors for your loved one

While the elderly population grows in the United States, many are approaching retirement with the realization that they have nowhere near enough money. According to a recent study, the majority of Americans today have no idea how much they even need to retire comfortably. The same study also suggests that approximately 1 in 5 Baby Boomers have less than $5,000 saved for retirement. This isn’t just an inconvenience — it’s a catastrophe in the making.

How will the government support all of these elderly people who have no way to work or pay for their own living costs? Remember, 10,000 Baby Boomers are reaching retirement age every single day. The answer is that the government can’t possibly help all of these individuals — and that’s why caregivers must step up. Even if you can’t pay your senior’s bills, you can set them up with a reliable senior financial advisor in Albany. These professionals can guide your older loved one towards financial security long into their twilight years.

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