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Age Longevity & Retirement Fiduciaries

In an interview regarding age longevity with Fiduciary News’ Chris Carosa, Joe Coughlin, Ph.D., founder and Director of the Massachusetts Institute of Technology AgeLab, explains that while the future business of retirement planning will include the traditional core services of ensuring financial security, it will also bring the addition of an entirely new generation of advisory services. Source: Fiduciarynews.com

Key Article Quotations:

“There is the expectation to live longer and better. The baby boomers, Gex X and the Millennials have seen improvements in nearly everything they have experienced and touched. This expectation will drive the search for income to acquire the products, services, and even experiences, we will want in the new old age” (Ans. 3, Coughlin).

“The Millennials, and Gen Z behind them, are likely to have three or more careers over their work life. Employers will have to adapt to this by rethinking employee hiring at any age, education over the life course, and highly flexible and mobile benefits” (Ans. 4, Coughlin).

“Tomorrow’s advisers and related services will take an integrated approach to helping individuals and families navigate decades of life after work. Value added advice will include finance but connect money and planning to specific services in retirement – e.g., career transitions, transportation, housing choices, care-giving” (Ans. 8, Coughlin).

“Fewer and fewer people are believing in retirement – at least as it has been defined for nearly a century. A new language of advice, with new experiences, services, and even products, will be required to chart the future of longevity planning” (Ans. 9, Coughlin).

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Age longevity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Age longevity

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