Revolutionizing Financial Planning For The Aging Population with Tom West (Ep. 36)

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: Educational videos (bottom of the page) Connect with Tom West: LinkedIn: Tom West twest@seia.com  Life Care Affordability Planning®<br /> 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