No doubt about it: at some point we’re neither semi-retired, findependent or fully retired. We’re out there in a retirement community or retirement home, and maybe for a few years near the end of this incarnation, some time to reflect on it all in a nursing home. Our Longevity & Aging category features our own unique blog posts, as well as blog feeds from Mark Venning’s ChangeRangers.com and other experts.
The magazine argues that while the tech boom may get bumpy, “it will not end in a repeat of the dot com crash.” Certainly, the past week was mostly positive for growth stocks like the four that make up the so-called “FANG” acronym: Facebook, Amazon, Netflix and Google. Amazon turning a profit: who knew?
True, none of the FANG stocks pay dividends but the older tech giants that do, like Apple, IBM and Microsoft, experienced haircuts this week.
Recently, Globe & Mail personal finance columnist Rob Carrick wrote an article entitled ‘It’s time to get real about retirement planning.” In it he stated that people should not count on working past retirement age because many will not be able to do so due to health issues. Everyone that knows me is aware that I’m a big promoter of continuing to work at something you love, for as long as you can, so this article really caught my attention and got me to do some serious thinking. The following are the conclusions that I came up with:
Always try to put the odds in your favour
Want to increase the odds of extending your work life past the normal retirement age? You need to adopt a healthy lifestyle as early as possible. Most of us know what to do but for whatever reason fail to do it. You need to keep active, work out on a regular basis, eat the right foods, and stay engaged. Odds are you will live enjoy a longer and happier life than your smoking neighbour whose retirement is based on watching tv and drinking lots of beer to help kill the boredom.
On Tuesday, Challenge Factory held a briefing via teleconference to update Canadian organizations interested in demographics, aging and longevity on the recent 2015 White House Conference on Aging, held on July 13th. For the Hub, Challenge Factory president Lisa Taylor adapted her remarks for the guest blog that follows. – JC
Lisa Taylor, Challenge Factory
By Lisa Taylor,
Challenge Factory
Special to the Financial Independence Hub
I first met Nora Super, CEO of the 2015 White House Conference on Aging last November when I was a speaker at a large symposium in Arizona focused on the aging workforce. It was my distinct honour to speak with the conference team in the weeks before the event and to participate as the only Canadian host of watch parties.
In 1961, Present Kennedy had the foresight to convene the first ever White House Conference on Aging – and he ensured that at least once a decade Congress was obligated to hold the event as a way to ensure the complexities and opportunities longevity offer were considered from a social, economic, environmental and legal perspective. “Science,” Kennedy is quoted “has added years to our life. Our task is now to add life to those years.”
50th anniversary of Medicare & Medicaid
This year’s conference happened in the year that marks the 50th anniversary of Medicare, Medicaid, and the Older Americans Act, as well as the 80th anniversary of Social Security. Organizers stated “The White House Conference on Aging is an opportunity to recognize the importance of these programs, highlight new actions to support Americans as we age and focus on the powerful role that technology can play in the lives of older Americans in the decade ahead.” Continue Reading…
The BBC is reporting today on a study that shows Ageing rates vary widely. According to the report by the Proceedings of the National Academy of Sciences, even people born within a year of each other experienced a huge gulf in the speed at which their bodies age.
I was particularly struck by the finding that some 38-year olds were ageing so badly that their biological age was “on the cusp of retirement.” The study subjects were 954 people from New Zealand born between 1972 and 1973. 18 ageing-related traits were examined as the members of the group turned 26, 32 and 38. So in the case of the 38-year-old cohort, the “biological age” ranged from the late 20s to “nearly 60” — hence the “cusp of retirement” verbiage.
In some cases, the subjects appeared to virtually stop ageing while they found that others gained almost three years of biological age for every 12 months that passed. Those with older biological ages were found to perform worse in tests of brain function, and also tended to have a weaker grip.
The dramatic impact of longevity on organizations was predicted decades ago. Indeed, in 1961, President John F. Kennedy put a formal structure in place to ensure that Congress would be attentive to the opportunities and challenges increased life expectancy presented to existing programs and policies. Since science had added years to our lives, Kennedy’s vision was to ensure added life to our years.
Longer life expectancy implies longer workspan
One corollary: increased life expectancy means longer work-life too. Continue Reading…
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Good cover story in the current issue of the Economist on the technology boom and the Nasdaq composite index surpassing its previous all-time high early in the year 2000.
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