Using Financial Gerontology in Retirement Planning

Major changes in family aging and dynamics are creating a new financial reality for Baby Boomers, reported Neal Cutler, Ph.D., Associate Director of the Gerontology Program, University of North Carolina at Greensboro.

Cutler introduced Boomertirement attendees to:

• The “Senior Sandwich” generation – A term he uses to describe the many Baby Boomers who are still caring for their children, while also financially supporting their parents.
• The Filial Fraction – A tool with which financial professionals can help their clients quantify the likelihood of caring financially for an elderly parent, which can have a substantial impact on their retirement plans.

Cutler said financial gerontology and tools allow financial advisors to help their Baby Boomer clients better understand and navigate their increasingly complicated wealth span.

Learn More

Boomertirement Session Slides Handout

Filial Fraction Worksheet

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