Zoomer Magazine is a leading Canadian lifestyle magazine for people who see “retirement” as the beginning of a new stage in their lives instead of a winding down. The philosophy of the magazine is in many ways close to my own thinking – and thus it was a pleasant surprise to be featured in the June 2014 article “Financing Your Future” by Peter Muggeridge.
Here are a couple excerpts and link to the full article on Zoomer’s online site “Everythingzoomer.com”
FINANCING YOUR FUTURE
Peter Muggeridge | June 26th, 2014
“Dramatically longer lifespans will change the way we save for retirement. If we’re going to live a few extra years, how will we afford to pay the bills?
The biggest fear most Canadians admit to is not of spiders, public speaking or filling out their income tax. Poll after poll shows that it’s outliving their savings in retirement.
… if the prophecies of the radical life-extension theorists come true – and some of us live to celebrate our 120th birthday – how the heck are we going to save for 60-some
odd years in retirement.
Before he even answers that, Michael Nuschke, a full-time retirement planner and part-time futurist, says that we have to completely rethink our current views on retirement.
… Advances in health care are accelerating along with advancements in technology,” says Nuschke from his Halifax office. “The tools to slow – even reverse – aging will be here in another 20 years. This isn’t science fiction.”
…Nuschke lays out his vision in his online report The End of Retirement as We Know It (free download at www.retirementsingularity.com). In it, he asks us to cast our mind into the future when advances in science, nutrition and health care begin to take hold and extend our lifespans. It will be a time when age 80 won’t mean falling prey to the typical decline of mind and body that we normally associate with old age. Instead, he suggests we’ll be healthy, energetic and willing and able to keep learning – and keep working. You might even be in better shape, stronger mentally than you are today.”
You won’t hear this kind of talk from your typical financial planner. Perhaps that’s why Nuschke styles himself a “retirement futurist” and is already educating his younger clients to keep these developments in mind as they plan for retirement.
In fact, he says the whole notion of the normal life cycle we’ve grown accustomed to – education, work, retirement – will be turned on its ear. “You still might have a retirement, but it will be a planned retirement of two or three years,” brief hiatuses he calls mini-retirements, where we’ll take time off to recharge and think about what we’re going to do next, train for that and then return to the workforce…”
To check out the full article, go to this link on “EverythingZoomer.com” The June issue is all about longevity.