Financial Decisions Are Family Decisions

NAIFA's Advisor Today Podcast Series

Dr. John Migliaccio is a financial services expert, recognized speaker, author, and thought leader on demographic trends and their impact on financial advising. He is a seasoned expert in financial gerontology, focusing on the interplay between aging and financial planning. Through his long-standing career, Dr. Migliaccio has contributed extensively to the field, from academic research to practical applications in financial services. His expertise in financial gerontology provides valuable insights into how financial professionals can better serve their clients in the context of aging and intergenerational wealth transfer.

In this episode…

Can demographic shifts and intergenerational wealth transfers reshape the landscape of financial services? The interplay between aging populations and wealth distribution raises questions about economic preparedness and adaptability. As baby boomers retire, the financial services industry faces unprecedented challenges and opportunities. How are professionals adapting to these demographic changes, and what strategies are emerging to tackle the complexities of intergenerational wealth management?

Dr. John Migliaccio, a financial services professional, offers insightful perspectives on the evolving field of financial gerontology, a discipline that merges financial planning with the study of aging. He discusses how the concept emerged in the 1980s to address changing demographics and the financial needs of aging populations. Dr. Migliaccio emphasizes the importance of understanding the nuances within generational cohorts, such as the diverse range of experiences of early, middle, and late baby boomers. The conversation extends to the longevity economy, highlighting the need for financial advisors to adapt their strategies to cater to clients' evolving needs, including long-term care, health expenses, and wealth transfer complexities.

In this episode of Advisor Today, Suzanne Carawan sits down with Dr. John Migliaccio, an expert in financial gerontology, about the convergence of financial services and demographic trends. Dr. Migliaccio discusses the financial gerontology concept and its industry origins, the growing importance of understanding intergenerational wealth transfer, advice for financial planners on adopting a holistic and multi-generational approach, and the implications of financial decisions as family decisions.