Article from the Massachusetts Institute of Technology AgeLab
As people are living longer, retirement planning as we know it is being replaced by longevity planning, a concept that requires holistic thinking from the individual, family and societal perspectives. Retirement once meant leaving the workforce to pursue leisure activities, but today's aging population is reinventing life after 65.
Financial planning is critical to enabling individuals to address traditional long term planning questions, however, ensuring quality in longevity is equally important. How will you stay involved in your community or grab coffee with a friend? Do you want to volunteer or work part-time? Are there opportunities for lifelong learning?
AgeLab works with financial service firms, banks, and insurers to explore how people think about longevity issues throughout the lifespan and take action to plan for life tomorrow. Furthermore, we examine the role of engagement, advice and trust across generations to ensure financial preparedness for a variety of paths.
Click on the links below for more interesting information on Longevity preparation and planning.
Prompting Savings Behavior through Social Comparison
Student Loan Debt & Longevity Planning
The Language of Retirement
Preparing for Longevity Advisory Network (PLAN)
MIT AgeLab - https://agelab.mit.edu/retirement-longevity-planning
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Summer Jackson, the author of this Age-Friendly Blog is an advocate for aging, and she insists that we all can live an unprecedented quality of life as we age. She believes that accomplishing this requires educating people of all ages, and involving people, organizations, and community leaders in a shared process. Read on. You will find her posts to be insightful, fun, and inspiring for people of all ages...
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