If you want a Successful Financial Plan for Retirement, you need a Longevity Plan Too

As we build out our “successful second half” capabilities, I keep returning to the notion that we have such a long runway from our 50s to the end of life (like, another 50!) that saying we are planning for retirement feels wrong. Rather, I think we should replace the “R-word” with the term “post-work” because none of us is going to be in the state of retirement for 30 or 40 years. Instead, we’re going to be doing and being many different things during that time, all kinds of “non-retirement” things. As a result, much of the financial conversation stops being about investment portfolios and insurance and more about:

· Health and healthspan
· Caregiving and family obligations
· Geography and community
· Philanthropy and legacy
· Consulting, volunteering and encore entrepreneurship
· AND … optimized distribution and retirement income from portfolios and insurance