Add Life to your Retirement Years

A recent article in the Encore section of the WSJ, entitled “How to Add Life to Longer Lives” talks about the scientific advances which are extending our lives.  The point made by the article is that although these advances are being made and the first person in modern times who will live to 150 is alive today, as a society we are not prepared to deal with all the associated aspects that significantly longer lives will impact. The idea that we, as a society, are unprepared for longer lifespans is not something just for future generations to ponder and solve, it is a conversation that needs to be elevated and discussed today. Over the past 15 years, we have seen most large employers freeze pension plans for their employees, eliminate these plans for all newer employees, and put more of the responsibility for retirement savings on the employee themselves, through 401(k) only options.  The boomers who are retiring today are among the first who don’t have the safety net of an employer pension and in many cases did not adequately Read on! →