WealthTech on Deck The Longevity Revolution with Ken Dychtwald
The world is experiencing a profound demographic shift that is transforming how we think about aging. With people living longer and healthier lives, the traditional concept of old age is being redefined. The longevity revolution presents a unique opportunity for the financial services industry. As individuals seek guidance on how to fund their long lives and find purpose in their later years, financial advisors have the potential to make a profound impact on their clients' lives.
In this episode, Jack talks with Ken Dychtwald, Founder and CEO of Age Wave. In his memoir, Radical Curiosity, Ken examines the arc and legacy of his own life through stories, adventures, and encounters with many of the world's leaders and influencers to provide his keys to a meaningful, magical, and purposeful life.
A leading authority on longevity and how it's changing the world, Ken talks to Jack about the demographic shifts and the implications of the longevity revolution. He discusses Age Wave's recent study, "The New Age of Aging," which highlights the changing perceptions of old age and the desire for purpose and meaning in the later years of life.
Key Takeaways
- [01:39] - What Ken's study, “The New Age of Aging”, is all about.
- [03:27] - Ken's key takeaways from his study.
- [08:53] - How purpose fits into retirement.
- [13:54] - What Ken's book, Radical Curiosity, is about.
- [17:54] - The value of curiosity and continuous learning throughout life.
- [20:52] - The power of listening and storytelling as a financial advisor.
- [23:51] - Ken's advice for the financial services industry.
- [26:08] - What Ken enjoys doing outside of work.
Quotes
[02:31] - "What's happening all around us is that because we are having fewer kids, people are living longer, and the migration of the baby boom generation from youth to maturity, what we're seeing is the center of gravity of the world, America specifically in this study, is shifting and it's creating all sorts of changes." ~ Ken Dychtwald
[03:53] - "The need to help people make sense of how to fund a long life has never been more robust, and there probably has never been a better time to be in the financial services sector." ~ Ken Dychtwald
[25:05] - "We've got to learn how to save people's lives. We have to learn how to explain things in a way that they can understand without using financial jargon that nobody understands. And we have to learn how to let people know we care. Because at the end of the day, we're going through a rocky time in history, and people want someone in their corner who they know has their back."~ Ken Dychtwald
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