This paper is a must read for those who work with senior clients and their families. Taking into account not just the financial aspects of a plan, but the emotional and social ramifications that goes with aging, is our commitment to providing the best advice possible... H. Stephen Bailey, MRFC®
MIDDLETOWN, Ohio (PRWEB) March 25, 2022
According to the author, Dr. James Flanagan, MRFC®… It important to note that aging is heterogeneous and not normative. In other words, there is no one way to age and the path of every individual is different. Additionally, aging is not synonymous with disease. Not everyone will experience significant cognitive decline or physical disability as they grow older. There are people that live until old age and death without experiencing either of these phenomena. We do know for certain that as people age, they will encounter significant life transitions that will require reaction and adaptation and many of those key pivotal events will require that need to consulting professionals of insight and direction. Financial preparedness shapes many of these events. The expertise of a Financial Gerontologist, a trained professional who understands financial planning from a life course perspective cannot be understated.
This paper probes the following factors to consider under the following topics:
- Understanding the Longevity Bonus
- What is Financial Gerontology
- Financial Decision Making, Retirement Planning, and Financial Gerontology
- What Makes a Financial Gerontologist Different from a Financial Consultant?
- Taking a Life Course Framework Approach to Planning
- Psychological Factors Related to Financial Decision-Making
- Financial Gerontologists as Futurists
- The Role of Transitions
- My Vocation as a Financial Gerontologist
- Maximizing Your Longevity Bonus
- Aging Your Way and Make the Most of It
- Build a Strong Social Support System
- Give Back as You Age
- Cultivate Happiness
“What I find continually amazing is the depth of knowledge evidenced by our member financial consultants,” commented IARFC Trustee Chair, H. Stephen Bailey, MRFC®. “This paper is a must read for those who work with senior clients and their families. Taking into account not just the financial aspects of a plan, but the emotional and social ramifications that goes with aging, is our commitment to providing the best advice possible.”
This publication is free and can be accessed by going to the IARFC Store and downloading this White Paper along with prior papers.
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