WHY
Why would two well-known scientists and two successful financial advisors join forces to create a new financial planning firm?
Let's explore why...
When it comes to their financial future and well-being, whether they realize it or not, many investors need to prepare themselves. We can not predict our exact future, so having a method to help forecast and plan to prepare for what lies ahead is crucial to reaching your retirement goals.
In our experience working with thousands of clients and financial advisors for over 20 years, we have observed that traditional financial planning methods rely on certain assumptions. Specifically, these assumptions pertain to your overall health and longevity. As this can significantly impact your financial future, we sought a better approach.
By working directly with scientists specializing in Aging Science, using scientifically verified methods and technology not available at ANY other financial firm, Wealthspan implements and monitors a realistic, personalized retirement plan based on one’s unique genetic composition, longevity, health attributes, and happiness objectives.
Health and happiness are the most precious commodities that exist. Once health and happiness are lost, it doesn’t matter how much money you have. However, the way you manage your money can have a dramatic impact on both your health and happiness.
Lifespan projections are foundational to sound financial planning
Many financial decisions critical to success in retirement should be made with an understanding of lifespan. Some of the more important are the following...
01
social Security
When you claim, the method you choose can significantly impact the lifetime value of the payments you receive from Social Security.
02
Portfolio Risk
Understanding life expectancy is crucial to planning how long your assets will last and achieving your goals. It can influence your risk tolerance as well.
03
Product Mix
The financial products you select while creating your financial plan can be significantly influenced by the level of risk you are willing to take. For instance, an individual with a long life expectancy and low-risk tolerance may prefer to invest a smaller amount of their money in the stock market or opt for other alternatives, such as annuities or life insurance.
04
Income Expectations
If you expect to live longer than average, based on scientific evidence, you can adjust your portfolio's income to make your money last longer.
05
Taxes
Taxes can take a big bite out of your income, so knowledge of tax-advantaged or tax-free income planning can be better determined by understanding one's unique lifespan.
06
Healthcare Expenses
A healthy lifespan helps us determine how many years we are likely to need assistance with some activities of daily living. This knowledge allows for planning for the associated expenses, which can be considerable.
"At the heart of Wealthspan is the intersection
between aging science and wealth planning."