When entering the site and if cookies are prevented from being saved, a message must be displayed
in a popup message box informing the user that their local browser settings are preventing
cookies from being saved and that cookies are required for the site to work. Exact text
to be provided for UAT. On OK click of the message, the user should be redirected to
the global landing page (currently ssga.com).
Most people will, at some point in their lives, experience some degree of cognitive decline—the diminishing ability of the brain to perform tasks related to memory, decision-making, or thought-processing—whether it is triggered by a health event or simply the natural process of aging. Any degree of cognitive impairment has the potential to impact financial decision-making.
Broaching the topic of aging can be difficult for investors and advisors alike. But health and financial wellness are intertwined–so addressing the risks early and building a plan before it's needed can help empower everyone, simply by planning ahead.
Investors with a plan in place should their decision-making abilities become diminished 1
Investors who say they have talked with their family about possible cognitive decline 1
Investors who have spoken with their financial advisor about aging 1
This research report takes a comprehensive look at the connection between money mistakes and cognitive decline, and provides a set of proactive measures that advisors can use to help protect their clients. And with more than 60% of clients still in need of a plan, it’s time to start the conversation.
Conversations around aging typically focus on retirement income planning and investment risk, but don’t include a plan to manage the financial risks associated with a decline in cognitive health. Ideally, financial goals, personal preferences and estate plans should be prepared and shared long before cognitive decline impacts financial decision-making.
To help you foster an open and respectful dialogue, we created a set of hypothetical conversations to encourage clients to engage in the planning process.
A comprehensive checklist of financial and legal items is a critical tool to help protect and prepare clients for the risks associated with cognitive decline. Make sure you consider:
Goal Setting in the context of their personal situation
Estate Planning including asset transfer and gifting strategies
Budgeting to properly manage cash flow
Tax Planning for when Social Security, pension benefits, 401(k) payouts or IRA income is received
Insurance Planning including long-term care or life insurance
Health Care Planning such as special assistance beyond what insurance might cover
Contingency Planning for long-term care or end-of-life planning
Managing Wealth Transfers Across Generations
When creating an action plan with your client, don’t forget to reserve time to discuss wealth transfer plans with the whole family. Advisors can help to both structure the plan and begin building a relationship with the next generation.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY.
No Offer/Local Restrictions
Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.
Information for Non-U.S. Investors:
The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.
Not FDIC Insured * No Bank Guarantee * May Lose Value