Announcement: SOA congratulates the new FSAs for September 2024.
Announcement: SOA releases July 2024 Exams FAM, FAM-L, and FAM-S passing candidate numbers.
Our aging population is growing at a fast rate. It’s important for these individuals to prepare for future health risks and secure their financial future. To address these issues, the Society of Actuaries (SOA) 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 presentation, you’ll hear from research team members as they preview the “Thinking Ahead Roadmap” and outline how the aging population can be more financially prepared in retirement. The presenters will cover:
• 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.
Learning Outcomes:
Attend this session and you’ll gain perspectives from a robust, research-based plan to help you educate your client base on how to protect themselves and their loved onesfrom significant financial losses due to diminished decision-making capacity as they age.
Track: Protecting Long-Term Economic Progress
1.20 SOA CPD
1.00 CIA