Exploring: Replacing An Outdated Paradigm For The "Retirement Years," And Exploring a New Phase of Life

by Erik O. Strid

Overview

The Baby Boom Generation is reaching Retirement age in massive numbers, and thanks to increases in longevity, most are likely to live 30 years or longer in retirement. The other stages of life have established blueprints which have been handed down through the generations. However, no prior generation has ever experienced a 30 year period of "retirement", so we have no established road map for navigating the challenges and opportunities of this stage of life. Traditional language identifies this stage as "The Retirement Years". However, it appears that a new definition is required to describe the emotional, physical, and psychological changes which are experienced. The term "Retirement" implies an ending, but it is now becoming clear that this stage of life is actually a new beginning – a complex, uncertain but exciting stage of life. This book is intended to help provide a clear vision for these years, and to anticipate what is likely to come.

Product Details

ISBN-13:	9781543982879
Publisher:	BookBaby
Publication date:	10/01/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	136
File size:	2 MB

About the Author

Erik O. Strid is the founder of Concentus Wealth Advisors. For over two decades, wealthy families have benefited from Erik's innovative approach to building a wealth strategy consistent with their family's core values. As an Independent advisor, his insight is highly valued for its objective and honest perspective about wealth and retirement planning. Erik attended Amherst College, where he majored in Economics. He then went on to practice financial planning, earning a CFP and ChFC designation. Erik currently resides in Bryn Mawr, PA with his wife Karen and their children Carter, Max, and Emma.

Table of Contents

Acknowledgements ix

About the MIT Age Lab x

Living Life 8,000 Days at a Time 1

Entering New Territory 5

Exponential Increases in Life Expectancy 6

Uncharted Territory 7

Destroying an "Old" Stereotype 10

Exploring Your Freedom: The Honeymoon Phase 15

Who Are You? What Do You Do? 16

Where Is My Paycheck? 22

Goal Setting and Budgeting 22

Assessing Your Income Streams 24

Running the Numbers 26

Develop a Written Plan 27

Invest for Success 30

Execute Your Plan 32

Do the Kids Get to Come on the Honeymoon? 34

A Complicated Transition 36

Settling in: The Big Decision Phase 37

Where Will We Live? 38

3 Key Questions 39

Decisions, Decisions 42

Finding your Purpose 46

Growing Older: Navigating Longevity 49

Health Care Administrivia 50

Daily Living Administrivia 52

Caregiving 53

Managing Financial and Legal Affairs 58

Changing Social Well Being 62

Staying Connected with our Network 63

Discover New Connections 64

Staying Mobile 66

Embracing Technology 69

Transportation 70

Extending Working Life 70

Maintaining our Social Network 71

The Connected Home 71

Staying Healthier 72

Climbing the Learning Curve 73

The Final Chapter: The Solo Journey 75

Revisiting the Honeymoon Phase 77

The Role of Work 77

Income Planning 78

Managing Family Dynamics 78

Revisiting the Big Decision Phase 80

Revisiting Navigating Longevity 80

Maintaining a Social Network 82

A Time for Peak Satisfaction 85

Life, Liberty, and the Pursuit of Happiness 89

Our Fundamental Rights 89

Is Tins All There Is? 90

What Are You Retiring To? 91

"Retirement Planning" 93

How Can Concentus Wealth Advisors Help? 95

About Concentus Wealth Advisors 96

Exploring Issues: Self-Assessment Exercise 99