Barron's had an interesting cover story about longevity possibly expanding well beyond what people now think in terms of how long they will live.
On one level longer life seems intuitive in that all technology is advancing at an accelerating pace. Michael Miliken says cancer will be gone by 2015. There will also be advances in how heart disease is managed and treated. There article then talks about nano technology creating little robots that go all through the body fixing things.
A big part of aging is caused by damage that occurs in cells. Science will find more and more ways to prevent or reverse this damage. Some of this will happen within the timeline stated in the article. How much will happen is the variable.
I do not want to turn this into a morality debate. It makes sense to think about living longer from a dollar and cents standpoint.
This could mean (recurring theme alert) planning retirement will have to be done differently. We will have to work longer, we will have to own a lot of equities longer and it will create many stresses on our economy, our social services, natural resources and many other things.
This ties into an idea that the US will need evolve in order to prosper. I believe that it can but this could be serious.
In my opinion successful retirement planning includes staying in touch with new fill in the blank. New will never stop. Staying in touch with new can make retirement planning much easier or perhaps a better way to look at would be that staying in touch with new can stave off hardship.
My hope with this site is for you to think differently about every aspect of your retirement. In no way is the intention for you to blindly follow anything suggested here.
Tuesday, April 18, 2006
Subscribe to:
Post Comments (Atom)
It Ain't Easy Being Macro
John Authers' column the other day was titled It's Dangerous To Stay Out Of Stocks . I think that is consistent to the conversations...
-
The idea of building an All-Weather portfolio of course has its appeal. The basic idea is to be much less volatile than the broad market or ...
-
Writing for Bloomberg, Allison Schrager suggests that in order to enjoy retirement, we should work a little longer. Ann Tergesen at the Wal...
-
Seeking Alpha has an article up noting the struggles this year of the Schwab US Dividend Equity ETF (SCHD). The article was more about an op...
No comments:
Post a Comment