There’s No Place Like Home: The Power of Place in Wealth Planning with Ryan Frederick

The Future-Ready Advisor

Summary: In this episode of The Future-Ready Advisor, Sam Sivarajan sits down with Ryan Frederick, founder of HERE, to explore the critical connection between place and longevity. Ryan advocates for "place planning," emphasizing how where we live is deeply intertwined with our well-being, especially as we age. This conversation touches on how financial advisors can guide clients in making intentional living decisions that balance financial, community, and health goals. Ryan shares insights on the evolving perception of home, not just as a financial asset, but as a space for creating a supportive and fulfilling lifestyle. He also highlights the importance of social connections, revealing how our environments can either foster or hinder the relationships that impact longevity. Ryan's thoughtful perspective offers financial advisors a new lens for client planning, one that goes beyond wealth management to encompass holistic well-being.

takeaways

• Life is not linear, and our paths can change unexpectedly.
• Our environment shapes us more than we shape it.
• Place planning is essential for healthy aging.
• Financial advisors should consider place as a key factor in planning.
• Social connections are crucial for longevity and well-being.
• Many people are unaware of the importance of their living environment.
• The financialization of real estate can skew perceptions of home.
• Intentional planning can prevent costly mistakes in living arrangements.
• Community living should encourage social interactions.
• Designing spaces for connection can enhance quality of life.

Sound Bites

• "Life is not linear."
• "We get shaped more by our environment."
• "It's much more about lifestyle and environment."

Chapters

• [00:05:45] What is Place Planning? – Ryan introduces the concept of place planning and its role in creating environments that foster longevity.
• [00:17:05] Financial and Non-Financial Considerations – How the decision of where to live extends beyond finances to lifestyle and social well-being.
• [00:28:07] Social Connections as Key to Longevity – Ryan shares the powerful role social relationships play in healthy aging.
• [00:39:11] How Advisors Can Incorporate Place Planning – Strategies for financial advisors to integrate place planning into client conversations.

Resources Mentioned:

• HERE: here.life
• Harvard Study on Adult Development
• Blue Zones by Dan Buettner

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