When planning for retirement you may ask yourself, what areas should I focus on? And how can I prepare for aging issues ?Barbara Micheletti, a gerontologist and leadership coach, emphasizes the need for empathy and compassion in financial planning. She also shares why aging in place, gray divorce, caregiving, and the transfer of wealth should be taken into consideration when planning for retirement.
Links from show notes:
Think2Perform
View the episode: https://youtu.be/4FX4bGAxLXM
Summary
Barbara Micheletti, a gerontologist and leadership coach, discusses the importance of holistic longevity planning for financial professionals and seniors. She shares a personal story that inspired her to help individuals navigate the aging process and prepare for the inevitable aging and money issues. The conversation covers topics such as retirement planning, aging in place, gray divorce, caregiving, and the transfer of wealth. Barbara emphasizes the need for empathy and compassion in financial planning, especially for women who often feel excluded from the conversation. She encourages individuals to participate in their financial planning process and have meaningful conversations about their goals and dreams.
Takeaways
Retirement planning should consider factors such as longevity, lifetime income, and aging in place.
Gray divorce is becoming more common, and financial professionals should be prepared to address the financial implications of this trend.
Caregiving and the transfer of wealth are important considerations in financial planning for aging individuals and couples.
Women often feel excluded from financial planning conversations and should be encouraged to participate and have a say in their financial future.
Chapters
00:00 Introduction and Guest Introduction
01:30 Barbara’s Background and Motivation
03:57 Preparing for Retirement and Post-Retirement
07:50 Longevity and Aging in Place
11:34 Differences Between Men and Women in Retirement Planning
13:46 Gray Divorce and Caregiving
16:55 Changes in Gerontology and Aging
20:07 Longevity and Aging Demographics
21:05 Transfer of Wealth and Financial Planning
24:45 Gender Differences in Financial Planning
29:25 Barbara’s Why and Final Thoughts
