Is moving retirement age to age 70 the solution for retirement funding shortfalls? As we cope with people living longer and longer, still the acceleration of the rate of change is not appreciated. Moving retirement age to age 70 is an incremental idea couched in outdated assumptions.
Creative Destruction on the way! This 5-minute interview with Salim Ismail is a great run-down of how technology will cause significant disruptions. Important to see this coming so we can be ready to adapt – and perhaps “surf” the changes, Vs. getting swamped. Retirement Singularity focuses on personal and financial implications to help you survive and thrive.
Technology is advancing at an increasing rate. One phenomenon that fuels this is the overlapping of technologies. This convergence of technologies will accelerate change and will likely surprise us in its impacts to our daily lives in the years ahead. We live in interesting times!
3D Printing is a Creative AND Disruptive technology whose time has nearly come. 3D Printing or “additive manufacturing” is rapidly approaching the price / utility point of being a truly creative AND disruptive force in manufacturing, retail and nearly all areas of the economy.
Because of the way we think about the future, we typically under-estimate the impact of exponential changes. Technology is advancing exponentially. Partly because the new technology is used to create the more powerful successor. How is this, and will this, show up in our financial lives?
When you are withdrawing money from a portfolio, the SEQUENCE of Investment Returns will have a strong impact on how much money you have left, and how quickly it could run out if you don’t watch it.
Retirement Planning contains many elements. The approaching Singularity will change every element.
The post provides insights on the Retirement Implications of Kurzweil’s Singularity.
The merging of technology and humans will create some major interpersonal disruptions that will effect all levels of society.
In a world of radically extended life expectancies, the risk of running out of money in your lifetime increase dramatically. Time to think ahead!