Fresh Ideas on Retirement

“There are parrots with larger vocabularies than most of us have concerning life in old age,” says the head of the MIT Age Lab. And he’s right. If we are beginning to spend one-third of our lives in the retirement stage, then we should have the benefit of thinking that meets us where we truly are.

Are You Smarter than a Samsung 5G?

Technology, more than perhaps any other single factor, will be instrumental in enabling more adults to age in place. That’s the wish of 76% of American adults over 50, but only 46% believe they’ll be able to do so. What if existing tech- such as smart sensors to detect falls- paired with access to on-demand service providers could be leveraged to that end?

The Magic Number

Congratulations! You’ve had a successful career and you’re on the brink of retirement. Take a look at that 401(k). Maybe you’re lucky and have a million dollars to stretch out for decades. What does that mean for a monthly budget once you’ve retired? Hard to say, really. And what if you’re the average 60 to 69-year-old? Then the total is $195,500. Try dividing that by a lifetime, should such a calculator exist.

Let’s Keep Woody Out of This

Why all the hate? What is with an anti-Baby Boomer movement that I seem to be seeing more of? Imagine my surprise when I read a movie review of Toy Story 4 in which the reviewer ruefully looked at the actions of cowboy Woody and thought: “God, that’s such a baby-boomer move.” The bias gets worse from there, believe it or not.

A Retirement Crisis and a Solution

No less of an authority than the World Economic Forum has confirmed the obvious: there’s a retirement crisis in this country that is only set to get worse. A WEF report compares several major economies and comes up with a stark conclusion. There’s a $28 trillion retirement savings gap in this country that will become a $137 trillion savings gap by 2050.