Thinking About Your Longevity
Increased longevity, blended families, geographical mobility and uncertainty in the financial markets make planning more complicated than ever.
Life expectancy of an American born in 2013 averages 78.2 years. Each year, over 70,000 Americans reach their 100th birthday, and this number continues to climb.
While living to 100 is still far from the norm, more than 40% of Americans underestimate their longevity by 5 or more years, according to a Society of Actuaries survey in 2011.
Are you ready for change? Because aging and change are inextricably linked.
Key Predictors of Longevity
Among the key predictors of longevity having strong, stable relationships and staying socially active are paramount.
Your network begins with your family, friends and neighbors. It extends to your professional advisors, which often includes an estate attorney, CPA, financial advisor, and insurance agents.
Having a network alone is not a panacea for all of life’s stresses. Your network should be managed to help deliver optimal comfort and support. However, managing your personal and professional community takes time and effort.
Is it Time for a Longevity Planner?
The attractiveness of longevity planning is having one individual take the lead role integrating services as needed and working in conjunction with all players across the network, both professional and personal.
Your “longevity planner” could be a friend, family member or one of your professional advisors. Yet, because intergenerational dynamics can often complicate proactive planning, a third-party is sometimes better suited to help families. A longevity planner takes an objective point of view, connecting the dots across the network as transitional events arise.
When choosing your longevity planner it is important he or she has the stamina, capacity and knowledge to provide clarity and guidance to the complexities associated with retirement and aging. For some, the need for such planning is immediate; for others, organizing in this way provides a contingency plan which instills confidence to face any challenges in the future.
Your mind, your mobility and your money—these are key ingredients to successful aging. Sometimes challenges arise from these three “M’s”, and when they do having a strong network can help you navigate through these complexities.
Weighty questions like these fall under the rubric of longevity planning. Supporting individuals and families in finding the appropriate answers defines our work at Hatch Retirement Advisors. Our brand of longevity planning spans multiple disciplines, coordinating all the ingredients necessary for positive aging.
Contact Us:
1650 Borel Place, Suite 227
San Mateo, CA 94402
T-650.573.9960
F-650.573.9930
info@hatchplan.com
for Bird’s Eye View, our newsletter on longevity issues.
Hatch Retirement Advisors 