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Description
As our clients prepare for retirement, many dream of splitting their time among residences. Because of weather, family, or wanderlust, they want to spend their retirement years in more than one locale. The challenge is making “snowbirding” a reality from a legal and financial standpoint. Clients need help in spotting the issues, budgeting for the added expense, and building snowbirding into their retirement plans. This webinar will help advisors better understand the financial challenges, the legal peculiarities, and the many solutions that are available. By knowing the questions to ask and offering ideas that work, the advisor can help clients move this retirement goal from a mere dream to a doable reality. Testimonial: “This is such a great topic. Gave me insights to some pitfalls that I might not have thought about on my own.”
Learning Objectives
In this one-hour webinar you will: 1. Learn what drives retirees to want to live in more than one location – to “snowbird”; 2. Gain an understanding of the financial, legal, budgeting and tax issues that can derail a client’s plans; 3. Discover financial solutions that help finance and maintain the ownership of more than residence; 4. Discover what a Pooled Income Fund (PIF’s) is, and briefly discuss why they are regaining popularity for some affluent folks; 5. Better understand how to work with retired clients who spend their time in more than one location.