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June 21, 2012 at 06:00 AM
Last week, while at the MDRT conference in California, I had the opportunity to speak with a couple of seniors to get their thoughts on retirement, long-term care, annuities, their health and a myriad of other topics. We’ll bring you more information from those interviews, but for now I wanted to share a couple of the highlights.
First, we spoke to Wallace M. who is located in the Greater Los Angeles area. Wallace is an entrepreneur who still runs his own business although he is in his 70s. Like many of the seniors we’ve spoken to recently, he’s not working because he has to, but because he wants to. He could have retired 10 years ago if he’d wanted. But something got in the way of that: He loves to work.
During our conversation, the most striking thing Wallace said related to his assets. He’s a self-described “gold bug” and doesn’t want to get near the stock market or even safer products such as annuities. Because of the way the market remains volatile, he wants to keep what he calls “tangible assets.”
In addition to gold, Wallace is bullish on other precious metals as well as real estate. The Southern California real estate market has been hurting for roughly half a decade now and he’s seeing opportunities to grab property. You can see highlights from Wallace’s interview on our website.
Sarah M., Wallace’s wife, spoke with us about her plans for long-term care. Although Sarah’s mother bought long-term care, and it helped her in an assisted living facility, Sarah has other thoughts about her own care.
