Level of Complexity: Intermediate
There are 40 million family caregivers providing financial support to aging loved ones, many of whom are cashing in their retirement accounts or taking out loans to cover the cost of care. This session will cover why advisers should be concerned about clients who are caregivers and how caregiving is impacting their client's AUM. Attendees will hear real life scenarios of how a medical crisis/progressive disease will impact a family's finances, relationships, and options. Advisers will learn what an Aging Plan is, how proactive planning will improve their client's finances, and how to best meet their client's evolving needs.