Financing Longevity
The good news is that people are living longer, with today’s 60-year-olds
anticipating more than 25 years of additional lifespan. The problem is that
people need to determine how they will provide for their financial needs for
many years past normal retirement, while simultaneously having to care for
children and elderly parents, perhaps exacerbated in the midst of a challenging
economy.
Consumers Need Solutions, not Products
These solutions can incorporate Social Security, pensions, annuities, stocks, bonds, long term care insurance, Medicare, Medicare supplements, reverse mortgages and CDs. To be relevant, the appropriate solutions require an unbiased assessment of client needs based on a comprehensive understanding of such gerontological wealth span issues as the:
- Multiple impacts of longevity on financial psychology of middle age
- Demographics of middle-aged children and their elderly parents
- Biology, psychology and sociology of aging and health
- Interconnections of financial, legal and ethical issues
- Options for financing health and long term care
- Strategies for financing longevity and for converting current assets into future income
Benefits of the RFG Program
Those who successfully complete the Registered Financial Gerontologist® program will be able to deliver financial solutions in a comprehensive manner with an enhanced sensitivity to and knowledge of the older client and their broad based needs – not simply the sale of products. They will benefit from enhanced credibility and position in the marketplace and learn the skills necessary to increase sales, revenue and commissions.
Benefits to Consumers
Consumers can take comfort in working with financial representatives who are
properly educated, sensitive to their needs, understand health care financing
and income programs and have successfully completed a professional program of continuing
education awarded in partnership with The
University of North Carolina at Greensboro.
© 2015 American Institute of Financial Gerontology
