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Life Settlement Advisors
December 19, 2019


Winter safety is an essential precaution for everyone. According to the CDC, winter’s cold weather kills twice as many people as summer heat. The same article shares that a surprising number of winter weather deaths are in places like the rural West, where it isn’t often believed the cold gets bad enough to be fatal. This is one situation where knowledge is power, especially for the elderly who are particularly vulnerable to extreme temperatures and everything the wintry months can bring with them. Share this article with your senior clients to help them stay safe and healthy this season.

Winter safety is an essential precaution for everyone. According to the CDC, winter’s cold weather kills twice as many people as summer heat. The same article shares that a surprising number of winter weather deaths are in places like the rural West, where it isn’t often believed the cold gets bad enough to be fatal. This is one situation where knowledge is power. Here’s what you need to know to stay healthy and safe until spring, and keep your elderly loved ones protected.

Keep Warm Inside and Out

You might think you need to be outside in the elements to freeze to death or get frostbite, but these conditions can set in even when you feel safe indoors. Hypothermia can set in at temperatures of 50 degrees Fahrenheit depending on the weather conditions. Poor nutrition and certain medicines can also increase risk for hypothermia. Frostbite can only occur at freezing temperatures, but extremities like hands, feet, and the face and ears are very vulnerable to frostbite in older people.

The CDC recommends dressing in at least three layers to keep warm and protected. Waterproof shoes, mittens, hats, and scarves are also essential outdoors to protect your extremities. At home, make sure to keep the heat on and try to keep a backup heat source like a space heater too.

Plan for Snow Removal

Another winter safety tip for retirees and elderly individuals is to let someone else handle the snow shovel this year! Did you know 12,000 people a year are injured and 100 die as a result of shoveling snow? Between the risk to slip and fall, the exposure to the cold, the strain on the shoulders and back, and the potential for heart attack, this is actually one of the most dangerous household tasks for the elderly. In fact, Harvard Medical School has come out to say that those age 50 or older should just avoid shoveling snow altogether if they can do so.

Avoid Icy Conditions

Other than shoveling the driveway, there are many other icy conditions to be aware of as both a driver and a pedestrian. You should certainly avoid driving when conditions are bad, especially if your local weather advisories or travel advisories direct you to do so. This isn’t just due to the hazards of driving, but also other drivers, and the risk of cold or freezing temperatures in the car.

If you have to go out walking in the cold, remember to go slowly and wear appropriate shoes with good traction. Don’t cross areas where snow removal hasn’t been completed in a parking lot or on the sidewalk. Lastly, make sure to wear gloves so you can keep your hands out of your pockets for balance.

Monitor Fire Hazards

It’s no surprise that with all this talk of cold weather, fire and carbon monoxide risks go up in cold weather too. Space heaters, fireplaces, ovens, and even holiday decorations can all play a role in these risks. But space heaters are the main cause of fatal home fires in the US.

When it comes to space heater safety, be sure the heater is not damaged in any way before use. Follow all included instructions and recommendations. This includes keeping the heater a safe distance from flammable objects like curtains or blankets. If you have a fireplace, make sure to get the chimney cleaned in the summer or fall so it’s safe to use. Lastly, make sure you have a working smoke detector and carbon monoxide detector to alert you if something goes wrong.

These winter safety tips are nothing revolutionary, but they are tried-and-tested ways to keep safe during bad winter weather. Have a happy and healthy season!

Did you know you can sell all or a portion of a life insurance policy, even term insurance? Selling an unwanted life insurance policy is no different than selling your car, home or any other valuable asset that will create immediate cash. Contact us today to learn more.

Leo LaGrotte
Life Settlement Advisors

October 29, 2019

No matter how careful of a driver you try to be, you could still end up with a cracked windshield at some point. A commercial truck can launch rocks and other debris at your windshield at terrifying speeds, and you will need to take action immediately if you want to avoid paying for that damage on your own.

Gather Info on the Truck

Road debris causes tens of thousands of accidents every year, and many people don’t know what to do when a windshield is cracked or chipped while out on the road. As long as it is safe to do so, you should try to gather as much information about the truck as possible. If you have a passenger, then you should ask them to write down the truck’s license plate number and the exact location of the incident.

Document the Damage

The initial impact is going to be nerve-wracking, and you should probably pull off to the side of the road in a safe location and give yourself a moment to relax. Once you are safe and the adrenaline is starting to wear off, you can then document the damage and write down exactly what happened. At the very least, you should snap a few pictures of any chips or cracks on the windows. You might also want to take a look at your vehicle’s hood and grille to see if there are any dents or chips.

Contact Your Insurance Company

Within a day or two of the incident, you should notify your insurance company so that they can negotiate with the trucking company on your behalf. If you ever feel as if you are being mistreated by your insurance company, then you need to contact a semi truck accident lawyer. One of those legal professionals can take full control of the situation so that you don’t have to worry about submitting paperwork or negotiating with claims adjusters.

Ask the Dealership for Discounts

Before you get back out on the road, you need to have your windshield replaced. While some companies offer mobile replacement services, heading to the dealership that sold you the vehicle might be a better option. The dealer probably has the exact windshield that is needed for your vehicle’s make and model, and they might offer you some type of discount if you go through their service department.

While a minor windshield crack might not seem like a big deal, that type of damage can quickly spiral out of control. A small crack will begin to expand before you know it, and the damage is going to compromise your visibility and weaken your windshield.

Meghan Belnap is a freelance writer who enjoys spending time with her family. She loves being in the outdoors and exploring new opportunities whenever they arise. Meghan finds happiness in researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook right here and Twitter right here.

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October 7, 2019

Most U.S. cities have a high population of residents living alone. For some individuals, it’s status, and for others, their life just turned out that way. Although a few prefer singlehood compared to being married, I’m part of the latter group. Living alone carries a heavier burden for the single segment. An individual is solely responsible for rent or mortgage, income and property taxes, utility bills, car expenses, and insurance bills. Sharing doesn’t exist, not even for tough decisions.


But for people over 60 years of age and over, keeping up with the bills and decision-making are parts of the strain. The stress of living alone can affect one’s health because of the risks of isolation. Recently, I started a Facebook group for people like me living alone without a spouse or grown children. It's called elder orphans, a term derived from research by a Geriatrician in New York. And the biggest concern the members talk about is affordable housing.


If you look closely at the U.S. Census data, you can see the number of seniors who pay for home mortgages and what percentage of their monthly budget goes to paying for home expenses and rent. For the sake of this article, I’ll focus on the targeted cities where Silvernest is most prominent—Denver, Boulder, Fort Collins, and Minneapolis/St. Paul. Be sure to click on the links for each city to see more detailed information.


Denver is the home to 10 percent of the seniors 65 and over, and of that number, 38 percent of them live alone. The annual income is less than $10K for 10%, while 30% earn less than $20K.

The average Social Security Income in Denver is $15,505/year, and the median household income is $34,328. Compared to other states, Colorado ranks 7th for Long Term Care and 8th for America's Health Rankings. Housing in Denver - 12,809 seniors in Denver have a mortgage, 7,320 of whom have homes that cost at least 35% of their *monthly income.


Boulder has a 9% senior population (65+), 34% of them live alone. The annual income is less than $10K for 6%, and 16% earn less than $20K. The average Social Security Income is $18,379/year, and the median household income for a Boulder senior is $57,076. Housing in Boulder - 1,618 seniors have a mortgage, 885 of whom have homes that cost at least 35% of their *monthly income.


Fort Collins is the home to 9% of the seniors 65 and over, and of that 32% live alone. 5% of the seniors have an annual income of less than $10K and 22% less than $20K. The average Social Security income in Fort Collins is $15,898/year, and the median household income is $43,271.
Housing in Fort Collins - 2,750 of the people 65+ have a mortgage, 1,141 of whom have homes that cost at least 35% of their *monthly income.


St. Paul has a 9% senior population (65+), and of those 37% live alone. 11% of the seniors have an annual income of less than $10K and 28% less than $20K. The average Social Security Income in St. Paul is $15,829/year, and the median household income is $34,421. Minnesota ranks 1st for Long Term Care and 3rd for America's Health Rankings. Housing in St. Paul - 3,805 of seniors in St. Paul have a mortgage, 2,269 of whom have homes that cost at least 35% of their *monthly income. View Minneapolis


After reading the data, is it any wonder why most people over 65 worry about affordable housing? Shared and cohousing are viable options for adults, especially those who want to watch their budget while paying for a roof over their heads. If you don’t live in a city cited in the article, check out Seniorcare.com, we’ve collated data for guides in over 8,000 cities throughout the United States.


Reference: *Monthly housing costs as a percentage of household income provide information on the cost of monthly housing expenses for owners and renters. The report provides an excellent measure of housing affordability and excessive shelter costs. The data also serve to aid in the development of housing programs to meet the needs of people at different economic levels. Source: Census data.

By Carol Marak

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July 24, 2019

Is it time to get your car repaired? This is not the time to panic. The first thing you need to do is arm yourself with the knowledge necessary to make informed choices. Here are a few tips about what you’ll need to know before you walk into the shop.

Research Mechanics

If your car needs a repair, chances are high it will need to be done by a mechanic. This can stress a lot of people out. They are afraid of being taken advantage of and not getting a quality repair. However, you can avoid this with plenty of research. Ask people you know for recommendations to ensure they have the right experience and knowledge for your specific make and model of car. For example, if you have a Mustang, they will need to have the right Ford Mustang parts and familiarity with the car.

Used Parts Are a Blessing

When you need work done on your car, the last thing you want to do is overspend for the parts. You can talk to your mechanic about what parts you will need and figure out ways to find the least expensive ones. You can even consider researching the specific part online and finding ones that are used, but still in great condition. If you work with your mechanic, they might be willing to help you in this search as well. Make sure you notify your mechanic or shop before doing this though.

Don’t Talk Finances with Your Mechanic

The last thing you want to say to a mechanic is that you don’t have the money for an expensive repair. Talking about your financial state gives them a free license to charge more. That is why you should research the repairs you need online. Find out as much as you can. That way you know how much it could cost. You will also get an idea of how much repairs generally run. It helps to know ahead of time if the mechanic is taking advantage of you. Building trust with your mechanic helps to avoid expensive repairs. Listening to their advice can also reduce the chances of you spending more money on a part than you should. Don’t create more stress for yourself when you need a car repair. Remember the above 3 tips and you will be on your way to a less expensive repair.

Emma Sturgis is a freelance writer based out of Boston, MA. She writes most often on health and education. When not writing, she enjoys reading and watching film noir. Say hi on Twitter @EmmaSturgis2


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June 25, 2019


Look, if you’re stuck in a financial place you don’t want to be, with burdens, stress,debt – or even if you’re just ready to truly break through that “glass ceiling” that’s been holding you back, this event is 100% for you (and 100% free to boot).

Remember as a kid when you had NO limitations and thought you could do anything in the world?

John is going to show you how to crush through your obstacles and limitations that have built up over time, and show you once again that you CAN do anything.

John believes that deep down inside, every single person has genius waiting to see the light of day…

And he’s going to help you find yours using the very latest in brain training research.

You want to double or even triple your income or net worth in the next year?

Check out John’s short video here and be SURE to get signed up for the Income Accelerator event.

Don’t wait – time is running out, click here now.

The Event: The Income Accelerator

When: June 27th, 2019

Time: Starts at 5:00 pm Pacific

Where: Your Desktop or Laptop Computer

Life Settlement Advisors
May 30, 2019

(3 Minute Read)

Tax season, for many people, means getting a decent sized check in the mail from the government in the form of a tax refund. Some see it as an opportunity to buy something they wouldn’t otherwise or take a fun trip on a whim. That’s okay, as long as your retirement savings are in good shape. The average refund in 2019 is roughly $2,000. You may wonder how such a relatively small amount of money can help you save for your retirement, but there are a few things you can do with these funds to help you make your retirement dreams come true.

Get Rid of High-Interest Debt

The average household in the United States paid $1,141, on average, in interest alone in 2018. This is just giving your money away. One of the best things you can do with your refund is to get rid of this type of debt. Go through all of your credit cards, pick the ones with the highest interest rates and pay those off first. By doing this, you are essentially paying your refund back to yourself over the next year by getting rid of or substantially lowering your credit card payments. This extra money can go towards maxing out your 401(k) or paying off your mortgage or student loans (other types of debt that you don’t want to carry with you into retirement).

Put Money in an Emergency Fund

This sounds like a no-brainer, but as of 2018, roughly 55 million Americans don’t have an emergency fund. On top of that, only 18% of the population had enough saved to cover 3 to 5 months of expenses. Living without an emergency fund is a financially precarious place to be. You are basically a broken transmission or leaky roof away from not being able to pay your bills. What does this mean? Usually, it means that these unexpected emergencies are paid for with high-interest credit cards. The best way to avoid these high-interest payments is to make sure that you have enough to cover your expenses if you lose your job or have to pay for a new furnace in your house. It’s recommended that you have enough to cover three months’ worth of expenses in this fund. So, if you need $4,000 to cover all your costs for a month, your goal should be to have $12,000 in your emergency fund and putting your tax refund towards this goal is worth every penny. This way it will be much easier to save for retirement if disaster strikes.

Max Out Your Retirement Savings

About a quarter of the employers in the United States, that provide 401(k) benefits, offer to match your 401(k) contribution. It’s likely if you’ve had retirement on your mind, that you’ve already been contributing, but the question is: have you been contributing enough? In 2019, the IRS increased the amount you can contribute to $19,000 from $18,500. So that’s an extra $500 right there, but if you are over the age of 50, you are allowed to make a “catch-up” contribution of an extra $6,000 per year. This can go a long way to helping make sure you are living a comfortable life in your retirement. If you are confused by all of this, and many people are, it would be a great idea to get in touch with a financial advisor.

Accomplishing a lot of these goals will probably take a lot more financial heavy-lifting than your yearly tax return. If you need a little extra help securing your financial future in retirement, a life settlement could be the answer that you are looking for. Did you know you can sell all or a portion of a life insurance policy, even term insurance?    If you have a life insurance policy that you don’t need any more or can’t afford the monthly premiums, a life settlement could be right for you. If you want to talk about selling your life insurance policy for immediate cash, contact us today.

Case Study: Don and Thelma bought life insurance when they were younger to protect their family’s future. Now the kids are grown and their youngest is 47. Thelma passed away last year, and Don no longer needs his life insurance policy. Don sold his life insurance policy and used the proceeds to supplement his retirement and check off several boxes on his bucket list.

 Leo LaGrotte

Life Settlement Advisors