A New World of Financial Tech
WE'RE ON A MISSION
Financial success starts with having a plan. Yet, financial planning is something that a large amount of the population hasn't done. Those that have created a plan or worked with someone who helped them create a plan have likely used averages, assumptions and outdated life expectancy tables to create their plan, or haven't considered life expectancy at all.
The mission of Wealthspan Financial Partners is to bring better information to the planning process through
the implementation of breakthroughs in aging science and facial analytics.
Wealthspan represents the number of years wealth needs to last so there is enough money to meet the needs and desires of a client and still have money left over at death. Accomplishing this goal results in a positive Wealthspan - the desired outcome.
A neutral or negative Wealthspan outcome would result in a high probability of running out of money prior to death.
Without a clear understanding of lifespan and healthspan it is almost impossible to determine wealthspan.
However, lifespan and healthspan has largely been overlooked by the financial advisor community. This oversight impacts millenials saving for retirement, Gen X and baby boomers very near retirement, and those that have already retired.
"Lifespan and healthspan planning are foundational to understanding Wealthspan."
Implications of Lifespan/Healthspan Assessments
Scott, Financial Advisor
"You have hit upon a critical need. Most financial planning is guesswork unless clients and advisors can more accurately define lifespan."