The Resonate philosophy of integrating all aspects of people’s lives in their planning offers a warm invitation to an aging population and their families. We are all aware that issues of aging extend far beyond the financial aspects of one’s life.
This short video offers ideas on “How to Initiate the Conversation on Aging.” After Barb speaks, you‘ll hear from her colleague, Dr. Tony Weiner (Director of Geriatric Psychiatry, Mass General Hospital).
Unlike other firms just beginning to build capacity for this population, Resonate has recognized and responded to the importance of meeting the needs of our aging clients and their families for decades. Our experiences teach us to blend patience and compassion with essential knowledge in this growing specialized space. This same experience teaches us the importance of affiliating with other professionals who are also dedicated to serving the needs of aging individuals and their families.
As a first step, we suggest our Personality self-assessments, that provide critical insights into the cognitive and behavioral traits that have significant implications for the aging person’s financial planning and decision-making. Our assessments focus on two critical areas: cognitive impairment (1) and vulnerability to elder abuse (2) and fraud (3).
Next, we have created questionnaires to facilitate conversations that result in individualized plans specific to each person and family’s circumstances. Anticipating a time when clients may be unable to make sound and informed decisions about life and finances, we identify the people who will need to fill roles as advocates and caregivers when the need arises (4).
The assessment results are combined with the conversation insights and answers to create the Diminished Capacity Directive, which serves as an invaluable guide for everyone impacted directly or indirectly by the aging process.
Quick Quiz On The Aging Brain And Issues To Consider:
We understand the key questions about aging that keep people awake at night are:
How can I keep control for as long as possible?
When it happens, how can I best handle losing control?
Our Conversations Beyond The Balance Sheet process is designed specifically to create answers to these and other essential question specific to the aging process.
And for the family members, the key aging questions are:
How do I help my loved ones keep as much independence as possible?
How do I help them keep their dignity when they lose that independence and control?
Again, our facilitated conversations are designed specifically for both the aging person and the family to address these key questions and other issues in a sensitive, compassionate manner designed to provide solid plans for uncertain times.
“Aging is not lost youth but a new stage of opportunity and growth.”
“You don’t stop laughing when you grow old; you grow old when you stop laughing.”
George Bernard Shaw
“Maybe it’s true that life begins at 50. But everything else starts to wear out, fall out or spread out.”
Cognitive impairment is when a person has trouble remembering, learning new things, concentrating or making decisions that affect everyday life. Cognitive imperiment can range from mild to severe.
Elder abuse is a term referring to any knowing, intentional, or negligent act by a caregiver or any other person that causes harm or a serious risk of harm to a vulnerable adult.
Financial fraud is the fastest growing form of elder abuse. Broadly defined, financial elder abuse is when someone illegally or improperly uses a vulnerable senior’s money or other property.
These people are not considered Powers of Attorney and will not allow access to personal financial information.
8837 Chapelsquare Drive
Cincinnati, OH 45249
Phone: (513) 605-2500
Fax: (513) 605-2505
Advisory services may only be offered by Investment Adviser Representatives in connection with an appropriate ValMark Advisers, Inc. advisory services agreement and Disclosure Brochure (Form ADV Part II, as provided).
Fee-Based Planning offered through Resonate Advisors, Inc. a State Registered Investment Advisor
Securities offered through ValMark Securities, Inc., Member FINRA, SIPC.
Third Party Management offered through ValMark Advisers, Inc., a SEC Registered Investment Advisor.
130 Springside Dr., Suite 300, Akron, OH. 44333, 800-765-5201.
Resonate, Inc. is independent of ValMark Securities, Inc. and ValMark Advisers, Inc.