Longevity & Aging

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.

Financial Gerontology: Fusion & Confusion of Terminology, Part 2

Posted By Financial Independence Hub | February 10, 2016

Marie Howes & Suzanne Cook, PlanetLongevity.com

Special to the Financial Independence Hub

In part one of Fusion and Confusion of terminology, we presented a basic introduction of our individual professional backgrounds, Marie in the financial planning field and Suzanne in the field of gerontology. One thing in common that we both can say about each of these fields is that while practitioners do work on the front line with individual clients, there are also areas where professional services operate at a macro level. Almost like trying to explain – what is engineering? Likely several ways to drill that down (so to speak).

When it comes to our modern day discussion on aging, longevity, retirement, elder care and so on, there are many intersections where concerns such as health, mobility and financial security can, almost in equal measure, be found mentioned in the same sentence. We left you in our last post, pondering on the equation Financial + Gerontology=?

So what do we get?

Financial Gerontology

Financial Gerontology, Part 1: Murky waters in an aging world

Posted By Financial Independence Hub | February 3, 2016

By Marie Howes & Suzanne Cook, PlanetLongevity.com

Special to the Financial Independence Hub

As general public awareness of the evolutionary story of aging demographics has increased over the last ten years, so too has the hyperactive dialogue about the social challenges we may face as a result. Yet the narrative of an aging world has spun new knowledge and innovations, positive attitudes and approaches to living a healthier longer life, and along with all that – new market opportunities.

It has also brought a new hybrid of language and, if not quite a fusion of professional fields of practice, certainly collaborations. One of the benefits of our Planet Longevity panel is that we have created a platform where the expertise and insights we bring from our individual practice areas helps inform each other in this fusion; and ideally helping others, we distill the complexities in the discussion on aging and longevity. Sort out the confusion of terminology if you will.So where can we start here, to examine where some of this fusion and confusion exists?

Financial + Gerontology = ?

Review: The Longevity Revolution

Posted By Jonathan Chevreau | January 2, 2016

One of the most useful books I read in preparation for a recent talk I gave on longevity was The Longevity Revolution, published in 2008 by Robert N. Butler, M.D. Apart from being a Pulitzer Prize winner, Dr. Butler is also the founder of the International Longevity Centre.

The book is subtitled The Benefits and Challenges of Living a Long Life. Butler observes that in less than 100 years, human beings have made greater gains in life expectancy than it did in the preceding 50 centuries. From the Bronze Age to the end of the 19th century, life expectancy grew by only 29 years or so, from 20 to just under 50 years. But in the 20th century, Life Expectancy surged another 30 years to reach over 77.

The paradox of a downside to what should be good news

Optimizing CPP: how to avoid missing out on $100,000 of retirement income

Posted By Financial Independence Hub | September 29, 2015

Because the Financial Independence Hub was moved Monday to a new server to accommodate ever-rising volumes of web traffic, we took the liberty of posting the normal Monday “Hub” blog at sister site FindependenceDay.com. The guest blog below is on optimizing CPP benefits: the same subject as my Financial Post column that ran online Monday under the headline: Optimizing Your CPP is no trivial exercise. Now let’s get it from the horse’s mouth: Doug Dahmer. — Jonathan Chevreau

By Doug Dahmer, Emeritus Retirement Income Specialists

Special to the Financial Independence Hub

Canadians are an easy going and trusting people. Every year thousands of people, across the country, carelessly start their CPP payments and in the process forego hundreds of thousands of dollars in payments to which they are entitled.

I call this “The Great Canadian Pass Up.”

To ensure you fully appreciate the value of making the right decision, before you elect to a start your Canada Pension, Emeritus Retirement Income Specialists has created a powerful tool called the CPP Optimizer. Give it a try at: www.cppoptimizer.com.

Most people seriously underestimate their lifetime CPP income entitlement:

Your CPP benefits are a big deal. For a couple, where both spouses have regularly contributed to the CPP plan, the lifetime CPP income they can anticipate will likely exceed $700,000. Consequently it represents an important strategic contributor to the creation of a sustainable retirement income. Therefore, decisions about this benefit need to be taken seriously.

Reliance upon “conventional wisdom” can be very costly

The Longevity Game Show: Stay Hungry for the Bonus Round

Posted By Financial Independence Hub | September 16, 2015

By Mark Venning, Change Rangers

Special to the Financial Independence Hub

If you thought that getting through the long 2015 federal election campaign — the “spin the wheel for tax dollars” game show – -was more than your attention span could handle; think again. The Longevity game show is in full swing! And by all accounts, we have barely begun to see the peak in audience participation.

As one of over 9 million Baby Boomers playing from home with your finger on the buzzer, your first question is – “What is your longevity expectation?” Quick thinking might suggest to you, based on the last statistical survey you read, that you are an “average Canadian,” so your immediate answer could be 82.

Finger off the buzzer. Depending on what perspective you have from the perch you sit on in your age band, how you envision your life expectancy will depend on so many variables. Living beyond that average 82 may appear like a short or a long game. So the second question is: “How will you feed your longevity?”

Financing your longevity

Share this:

Share this:

Share this:

Share this:

Share this:

Sign up for our Daily Digest E-Mail!