Exploring elder needs

Wells Fargo & Company closed on the sale of our Institutional Retirement & Trust business to Principal Financial Group effective July 1, 2019.  There will be no immediate impacts to clients or plan participants and all plans and accounts will remain with Wells Fargo Institutional Retirement & Trust at this time. Customers will continue to access account information through this site and Wells Fargo Institutional Retirement & Trust relationship managers will continue to service all relationships. Clients will be contacted directly with additional details of the integration period.

Exploring elder needs

The path to planning begins with a conversation

The 2018 Wells Fargo Elder Needs Survey asked older Americans and a group just old enough to be their adult children for their feelings on important financial issues. The survey uncovered some surprises, and we hope this research will help you begin your conversations.
Elder needs planning guide

Findings snapshot

Amid issues of loyalty, trust, independence, and dignity, it isn’t always easy to say the first word about planning for elder needs.

  • Surprisingly different responses from older Americans and adult children
  • Barriers to conversation and the cost of failing to prepare
  • Threat of elder abuse, sometimes from those trusted most

Download the snapshot (PDF)

Elder needs white paper

Elder needs survey white paper

Your children want you to do it and you’ll be happier if you do. But that first conversation about elder planning is sometimes difficult to start.

  • Older Americans say they are happy, healthy, and unlikely to need help as they age. But adult children aren’t so sure.
  • Failure to have conversations may lead to a lack of preparation, leaving families vulnerable to elder abuse. Learn many of the most common scams and potential protections.
  • Older Americans who have these planning behaviors in place are happier than those who haven’t.

Download the white paper (PDF)

Elder needs protection guide

Elder financial abuse protection guide

Rising numbers of financial scams targeting seniors have been called the crime of the 21st century.1

  • Nearly 1 in 5 Americans age 65 or older have been affected by elder financial abuse.2
  • Two-thirds of elder financial crimes are committed by family members, friends, and trusted persons.3

This guide can help you with suggestions about how to help protect yourself and the ones you love, identify signs of abuse, and give you resources to call if you are a victim of elder financial abuse or suspect someone you know has been.

Download the guide (PDF)