Living To 100: 4 Steps To Financial Planning For Longevity

In an article he penned for Financial Advisor magazine, Matt Teich, Director of Financial Planning for Cresset Wealth Advisors, details why helping clients plan for extreme old age is a prudent approach to wealth management. As he puts it, “The numbers required to plan conservatively can be jarring– and they often spur clients to action.” Matt stresses the need for setting financial goals and to “run the numbers” rather than rely on rules of thumb to ensure that these goals can be met. He emphasizes that a conservative approach to longevity is necessary to ensure that health care, and possible long-term care, costs can be met. Matt also believes plans are not one-off constructs but, rather, an “ongoing conversation” in which progress is monitored and parameters are adjusted as necessary.

Click here to read the full article.

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Cresset is an independent, award-winning multi-family office and private investment firm with more than $45 billion in assets under management (as of 04/01/2024). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, giving you time to pursue what matters to you most.

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