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, i.e. where will you live? How will you travel to the grocery store? 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? Beyond individual planning, increased longevity requires society as a whole to rethink how older adults will maintain their quality of life and well-being.
LaToya Parker can help you explore longevity solutions and provide advice to address issues through a lifespan and other strategies to address assets across generations to ensure financial preparedness for a variety of paths.