#79 - John Diehl & Dr. Joe Coughlin (recorded 07/30)

Dr. Joseph Coughlin and John Diehl: Longevity, Aging, and the Future of Financial AdviceSummaryIn this episode of The Bull of Wall Street, Jimmy Lee sits down with Dr. Joseph Coughlin, Founder and Director of the MIT AgeLab, and John Diehl, Senior Vice President of Applied Insights at Hartford Funds, for a conversation about longevity and what living longer may mean for individuals, families, and financial advisors. They explore elder care, housing, transportation, social connection, and the financial and personal considerations that can accompany a longer life.The conversation also examines how longevity may reshape financial advice itself. From preparing families for caregiving decisions to understanding the role of women in longevity planning and considering how artificial intelligence may change the advisor-client relationship, Dr. Coughlin and John discuss why planning for the future can extend well beyond investment portfolios.What you'll learn:Longevity planning is broader than retirement planning. Caregiving can become increasingly complex. Retirement may represent a substantial portion of adult life. Housing deserves an earlier conversation. Transportation can affect independence. Social connection is part of longevity planning. Women play a significant role in longevity decisions. AI may change financial advice without eliminating the need for human relationships. Advisors may serve as connectors to information and resources. Planning begins with the life a client wants to build. Chapters02:09 Hartford Funds and the origins of its MIT AgeLab relationship05:31 How the MIT AgeLab began10:47 Understanding elder care and caregiving13:14 The four characteristics of caregiving18:22 How longevity has changed20:38 Rethinking the traditional retirement narrative23:38 The 8,000-day framework26:47 Life tomorrow and quality of life30:05 Measuring preparedness for longevity31:27 How longevity may reshape every stage of life34:03 The light bulb: planning where you will live37:52 The ice cream cone: transportation, access, and everyday joy42:10 Lunch: maintaining social connections46:55 Why the future of longevity is female52:31 AI and the future of financial advice54:58 Combining technology with human advice58:29 Financial advisors as longevity planners59:10 Hartford Funds resources for financial professionals01:00:00 The puzzle box and defining what mattersGuests:Dr. Joseph Coughlin, Founder and Director, MIT AgeLab, Author of The Longevity Economy and co-author of Longevity Hubs: Regional Innovation for Global AgingJohn Diehl, Senior Vice President, Applied Insights, Hartford FundsHost:Jimmy Lee, CEO, The Wealth Consulting GroupFollow usLinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice, and your life, better.Subscribe at bit.ly/wealthcg