The Future of Retirement
Whether or not we want to be modern Methuselahs isn’t the issue. How we will afford the longer lives demographers predict for us now and for future generations is the incalculable question. While policy solutions are explored around the globe, there are simple steps we can take to create a stronger financial future.
Older Americans are increasingly shunning retirement to start companies because they see job opportunities limited after age 55, don’t have enough savings to retire comfortably or want to work for themselves.
Eighty-seven-year-old Lew Manchester has just returned from a three-week trip touring Buddhist temples in Laos and cruising the Mekong Delta in Vietnam. His 61-year-old daughter Lee lives year-round in the basement of her friend’s Cape Cod cottage.
Sonja Miskulin has forgotten her beloved cat, Pooki. She can’t remember whether she has grandchildren and has no memory of her nine-hour journey one recent Sunday to forever leave behind her home in Germany.
How old is too old to lead? The retirement of Pope Benedict XVI, the first such abdication in almost six centuries, may force aging lions from politics, academia and business to confront that painful question.
At 8:30 p.m. on Christmas Day 2009, nurse Tiffany Gourley was called to a room at the Windmill Manor nursing home in Coralville, Iowa. She found a 78-year-old male resident who had just had intercourse with an 87-year-old woman.
These tales of modern retirement thinking run the spectrum, from a 33-year-old couple's crafting of aggressive plans to retire when they're 53 to a 65-year-old’s disappointment at finding that even the best-laid retirement plans can go awry.