Greg Large, President of Lenox Advisors, recently joined Gregg Greenberg on InvestmentNews to discuss longevity risk, a growing concern as life expectancy rises and health span lags behind. Advisors must ask critical questions about household changes, financial responsibilities, and unexpected events to ensure clients are prepared. Without these conversations, traditional portfolio strategies fall short, and inadequate planning can create a domino effect across multiple generations.
Healthcare costs add complexity, making proactive strategies like health savings accounts essential. While predicting future expenses is impossible, planning today for long-term needs is key.
Finally, Greg addressed the “sandwich generation” – those balancing care for children, aging parents, and their own retirement. Advisors should help clients set boundaries and create structured plans to protect their goals. These conversations go beyond stock picks; they ensure clients achieve the retirement they envision while safeguarding future generations.
Watch the full interview here.
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