For clients of Erick Conway, please CLICK HERE to see important details related to the Strong Valley transition.
Call Our Office
(559) 384-2900 | Fresno
(619) 480-1413 | San Diego
Your Money
Your Life
Your Way
Article

Utilizing New Technology for Our Seniors

New tech brings convenience, increased autonomy and investment opportunities across all age groups, and seniors are no exception. From simple gadgets to comprehensive health platforms, seniors now have access to tools that were unimaginable just a decade ago, as well as presenting opportunities for healthcare investors.

November 12, 2024
Important Disclosure: Content on our website and in our newsletters is for informational purposes only. The information provided may (or may not) directly apply to your situation. We recommend that readers work directly with a professional advisor when making decisions in the context of their specific situation.

The digital revolution is transforming lives across all age groups, and seniors are no exception. Technology has become an indispensable tool for older adults, providing access to resources that significantly enhance the quality of life. For investors in retirement, focusing on how seniors can effectively use online health resources and telemedicine is not only a compassionate approach but quite possibly a lucrative investment opportunity as well.

From simple gadgets to comprehensive health platforms, seniors now have access to tools that were unimaginable just a decade ago. Smart devices, wearable health monitors, and telemedicine are now within reach, offering an unprecedented level of control and convenience.

Online Health Resources

Information at Fingertips. One of the most significant advantages of online health resources is the ability to access a wealth of medical information instantly. Websites, applications, and virtual libraries provide seniors with knowledge about their health conditions, treatments, medications, and preventive measures.

Personalized Health Management Tools. Apps and online platforms offer personalized health management solutions that enable seniors to track their vital statistics, manage medications, and even connect with healthcare professionals for consultations.

Telemedicine: A Game-Changer

Remote Consultations. Telemedicine services enable seniors to consult with healthcare professionals from the comfort of their homes. This is particularly beneficial for those who find travel challenging or live in remote areas.

Monitoring and Support. Telemedicine includes remote monitoring services where healthcare providers can track a patient's health conditions and offer support as needed. This continuous oversight often results in early intervention and better outcomes.

Accessibility and Convenience. Telemedicine brings healthcare to the doorstep, reducing the need for frequent hospital visits and waiting times. This ease of access can significantly enhance seniors' adherence to treatment plans and follow-up schedules.

Investment Opportunities

For investors in retirement, the digital health landscape presents substantial opportunities:

Investing in Telemedicine Platforms. There's a growing demand for telemedicine services, and investing in platforms that cater to seniors can be both socially impactful and financially rewarding.

Supporting Digital Literacy Programs. Investing in programs that educate seniors about digital tools and online resources can help bridge the digital divide and foster independence.

Funding Wearable Health Technology. Wearable devices that monitor health can provide real-time insights for both seniors and caregivers. Funding these innovations aligns with the increasing demand for personalized healthcare.

The Future is Very Promising

The intersection of technology and senior living represents a promising frontier, empowering seniors with the tools they need to take control of their health, offering convenience, increased autonomy and investment opportunities.

In an aging world, where our senior population continues to grow, the digital age, with its potential to revolutionize senior living, invites us all to be part of this exciting journey.

Other content you may like

  • coronavirus on financial graph

    Additional Coronavirus Aid, Relief, and Economic Security (CARES) Act Updates

    April 4, 2020
    Who is affected by the CARES Act? The Coronavirus Aid, Relief, and Economic Security (CARES) Act, or the "CARES Act," provides relief to individuals, families, small businesses, and major employers.  The bill also puts measures into place designed to help the healthcare industry, as well as other sectors affected by the outbreak of the virus.  […]
    Read this Article
  • Finding Opportunities in Times Like Now

    October 5, 2022
    September 2022 was a “not so fun” month for the general market with the impact of Fed decisions and plans on target interest rates. With the market changes there are still positives and opportunities for those with money to invest. Strong Valley team members, Jason and Chris, recap the month of September and discuss what clients should be looking for in the months ahead.
    Read this Article
  • After a Federal Reserve Pause

    After a Federal Reserve Pause

    June 2, 2023
    With a focus on how the Market responds to a Federal Reserve pause, this month we examine the effect on Stocks and Bonds. Also included is a deeper look at Money Market assets and their recent historic peaking, along with U.S. debt ceiling concerns and an overview of what’s driving the market these days.
    Read this Article
  • Gratitude: A Pro-Investment Mindset

    November 22, 2024
    Trying to ignore our emotions and make cold and calculating decisions is fear-based behavior. Pursuing happiness doesn’t seem to be enough to make wise financial decisions. A mindset of gratitude has recently been shown to give people the patience to handle money better.
    Read this Article
  • The link you have selected is located on another server. The linked site contains information that has been created, published, maintained, or otherwise posted by institutions or organizations independent of this organization. We do not endorse, approve, certify, or control any linked websites, their sponsors, or any of their policies, activities, products, or services. We do not assume responsibility for the accuracy, completeness, or timeliness of the information contained therein. Visitors to any linked websites should not use or rely on the information contained therein until they have consulted with an independent financial professional. Please click “Continue to Link” to leave this website and proceed to the selected site.
    phone-handset