Revolutionizing Financial Planning For The Aging Population with Tom West (Ep. 36)
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Whether you or a loved one is reaching a point where you need more care, it may be challenging (but not impossible!) to find the right plan for your needs.
What strategy is the best? How much will it cost? Should you move to a senior home or hire caretakers?
In this episode, Rob Curtiss is joined by a fellow SEIA colleague from the East Coast, Tom West, who has developed a process to address the challenges of medical care and aging. Rob and Tom cover the importance of navigating dynastic issues within families and the need for financial advisors to understand and meet the changing financial needs of senior clients as their health changes.
Tom discusses:
- The importance of addressing and shifting priorities when it comes to caregiving
- Reasons caregiving impacts the caregiver’s health and the value of support and respite for them, too
- What you need to know about Life Care Affordability Planning® and its focus on medical prognosis and planning for care
- The value of having a methodical process (such as estate planning documents) in place
- Some of the challenges faced by the aging population and the impact the pandemic has had on senior housing and the healthcare industry
- And more!
Resources:
Connect with Tom West:
Connect with Robert Curtiss:
- rcurtiss@seia.com
- (626) 795-2944
- About Robert Curtiss
- LinkedIn: Robert Curtiss
- Facebook: Robert Curtiss
- SEIA
- LinkedIn: SEIA
About Our Guest:
Thomas C. West, CLU®, ChFC®, AIF®, is a Senior Partner in SEIA’s Virginia office. Tom has a robust wealth management practice that emphasizes cash flow in all stages of retirement with an emphasis on planning and asset management for families facing the challenge of health-related dependency due to disability, illness, or death. Tom also has significant experience in issues related to suitable and ethical financial strategies for incapacitated seniors.