Financial risks of aging

Retirement Repair Shop with Mary Beth Franklin

In this episode, you'll hear about:

• Data on aging.
• The story of Whealthcare Solutions.
• Misperceptions about "diminished capacity."
• The surprising peak age for financial decision-making.
• How does it affect advisers, and what can advisers do about it?
• Warning signs.
• Senior Safe Act.

Learn about Whealthcare

Related Article: Widow’s dilemma: When to claim Social Security

This season is brought to you by Realized

Realized strives to put you in control of managing your investment property wealth. Our goal is to help bridge the gap between investment property ownership and sophisticated wealth management, helping you meet your income needs in retirement and pursue your investment goals across generations. 

Using the principles of Investment Property Wealth Management(R), Realized transforms your individual investment properties into diversified real estate portfolios, customized to your unique income needs, risk appetite, and investment goals. 

For more information, visit www.Realized1031.com/RepairShop to learn more.

Guest Bio:

Chris Heye is the CEO and founder of both Whealthcare Solutions Inc. and Whealthcare Planning LLC. He is a proven entrepreneur with extensive experience starting and growing technology companies. After confronting dementia in his own family and witnessing elder financial abuse in friends, he decided not enough was being done to protect older adults. He helped design a clinical study at the Massachusetts General Hospital which investigated the behavioral and cognitive underpinnings of sound financial decision-making. Dr Heye is a regular columnist for the Journal of Financial Planning where he writes about technology, longevity and financial wellness. He is a frequent speaker at industry conferences and webcasts and is a member of the Financial Planning Association's (FPA) FinTech Advisory Group. He received his BA from Wesleyan University and Ph.D. from the Massachusetts Institute of Technology.