Perhaps at no point in US history has the connection between physical health and financial wellness been made so starkly clear. The outbreak of COVID 19 has financially affected virtually every person and every organization in this country – students, workers, retirees, companies, governments, and the economy as a whole.

We have all heard the stories – accidents, sudden illness, or slow decline taking away a person’s capacity to make their health care or financial decisions. Unfortunately, few people have taken the time to appoint someone as health care surrogate to act on their behalf in these situations. And only a handful of people have discussed their wishes with their surrogate. Picking your health care surrogate requires some thought.

One comment I hear from potential users is they can’t help clients plan for aging because they don’t have medical training. Whealthcare tools were developed specifically for non-medical advisors to comfortably plan for the challenges of aging clients.

The average age of a financial advisor client is roughly 63 years old. If you are like most advisors, the majority of your clients are over the age of 50.