The fee for this webcast is $50 per individual. Group rates and broadcasting are not available for this event.
Millions of aging Americans are faced with uncertain health and financial setbacks. In addition, cognitive impairment impacts one-third of adults over age 85. Advanced planning can reduce the negative impact of impairment on personal finances including financial exploitation, scams, fraud, long-term care, and spending decisions that are not aligned with retirement goals. To address these issues, the SOA’s Aging and Retirement Strategic Research Program co-sponsored work on the “Thinking Ahead Roadmap,” which was created by a team from the University of Minnesota and Stanford Center on Longevity.
In this webinar, members of the research team will preview the “Thinking Ahead Roadmap” and the steps that people can take to help ensure their financial wishes are honored as they age. The presenters will discuss:
- Advice on choosing the right financial advocate
- Organizing financial information to pave the way for a smooth transition
- How to have open and honest conversations about future money management
- The importance of a financial power of attorney and how to obtain one
- Shifting money management responsibilities when the time is right