Longevity Planning: Your Roadmap to a Life of Purpose

Remember that feeling of love and care you had for your car? You meticulously washed, pampered, and gave it the attention it deserved. After all, you knew that neglecting regular oil changes and maintenance would drastically shorten its lifespan.

But let’s pause for a moment and ask ourselves an important question: If we invest so much time and effort into caring for our cars, why don’t we do the same for ourselves? We often neglect our health, ignore financial advice, and fail to plan for our future.

Did you know that the average life expectancy for a man reaching age 65 is now 84, and for a woman, it’s 86?1

For many of you, we’ve been collaborating for years to ensure you’re ready for the road ahead. For others, perhaps you put on the breaks and let any proactive measures take a back seat.

We are living longer, and with longevity comes a whole new set of considerations to plan for. Let’s take a look:

  1. Your Portfolio and Longevity: Just like a well-maintained engine, your financial portfolio should be built to withstand your lifetime. Your investment strategy should align with your aspirations and long-term goals and account for ongoing changes like inflation.
  2. Potential Long-Term Care Needs: As we age, the possibility of needing long-term care increases. Together, we can proactively plan for this scenario to preserve your hard-earned assets.
  3. Rising Healthcare Costs: Healthcare expenses are on the rise, and it’s crucial to have a plan in place to manage these costs effectively. Ovisto™ Wealth Management can help navigate the complexities of healthcare planning to provide you with the resources needed to live a fulfilling life.
  4. Diminishing Mental Capacity: Cognitive decline is a reality many face as they grow older. We can assist you in developing a comprehensive plan to address this potential challenge, providing confidence for you and your loved ones.
  5. Coordinate Required Minimum Distributions (RMDs): If you have multiple Investment Advisor Representatives, managing required minimum distributions can be a complex process. Ovisto™ Wealth Management can create seamless coordination of your RMDs to avoid unnecessary penalties and maximize your retirement income.
  6. Life After Loss: Coping with the loss of a loved one is emotionally challenging. We provide compassionate support and guidance during this difficult time, helping you navigate the financial aspects and provide stability for your future.

At Ovisto™ Wealth Management, we understand the power of longevity planning. We’re here to help you take control of your future and embark on a roadmap to a life of purpose. If any of these considerations sparked your interest, please do not hesitate to contact us.

About Ovisto™
Wealth Management

Ovisto™ Wealth Management offers comprehensive financial planning and wealth management services focused on retirement planning, asset allocation strategies, estate and legacy planning, risk management strategies, and business owner planning. With a dedicated team of tenured and credentialed wealth management experts who specialize in navigating the complexities of wealth preservation, growth, and legacy planning.