The Foundation for Financial Planning and the Certified Financial Planner Board of Standards announced today they are partnering with the National Council on Aging (NCOA) to deliver pro bono financial planning to senior citizens. 

The three organizations plan to launch a pilot program later this year in Massachusetts that will offer seniors one-on-one financial planning sessions with CFP professionals through local senior centers. All services will be offered on a pro bono, no-strings attached basis and volunteers will not engage in solicitations or sale of any products or services, according to the announcement.

The Foundation for Financial Planning recently provided a grant of $42,500 to NCOA to support the pilot program.

“The need for financial planning does not have age limitations. Regardless of where you are in life, we believe financial planning is beneficial and impacts families’ long-term wellbeing. This can be as simple as creating a plan of care for when you are no longer able to make sound mental decisions,” said Elissa Buie, CFP, foundation chair.

The organizations will track the impact of the pilot program and hope to establish an ongoing, nationwide program to deliver pro bono financial planning to seniors through NCOA’s network of senior centers. 

As part of the partnership, NCOA will also promote opportunities for senior citizens to engage with CFP professionals at over 2,000 senior centers nationally.