Inspired Money
Andy Wang, Runnymede Capital Management
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The Future of Retirement: Navigating Changing Trends and New Possibilities
In this episode of the Inspired Money Live Stream Podcast, we discuss the future of retirement. Our panelists, Gary Brode, Catherine Collinson, and Marci Alboher, explore how retirement is changing and what it means for financial security, health, and fulfillment. Producer's Note: Aubrey de Grey and Dan Ariely were originally scheduled to appear on this episode but could not make it due to technical difficulties. We will try to book them again in the future. Understanding the Shifts in Retirement Planning Retirement is not just about financial security anymore. It’s also about health, purpose, and fulfillment. In this episode, we discuss how longer life expectancies, new technology, and shifting career paths are changing retirement. Our panelists offer strategies for adapting to these changes. 🕒 Episode Insights Longer Lifespans: Catherine discusses how living longer affects retirement planning and why it’s important to plan early. Career Transitions: Marci shares insights on reinventing careers in later life and the benefits of intergenerational work. Healthcare Costs: Gary explains how to plan for rising healthcare costs and why personal savings are essential. Investment Strategies: We look at how to adjust investments for a retirement that may last 30 years or more. Social Aspects of Retirement: Marci talks about the psychological impact of retirement and how to stay connected. Intergenerational Learning: Catherine explores the value of financial literacy across generations. Lifelong Learning: The panel discusses new opportunities for learning and retraining at any age. Financial Strategies for a Secure Retirement The episode explores diverse approaches to retirement planning, from traditional investment vehicles to newer options that account for a longer retirement horizon. Gary Brode shares insights on how to prepare for financial stability, discussing the importance of balancing risk and return, as well as the role of contingency planning in addressing unforeseen expenses. Navigating Healthcare and Long-Term Care Costs Healthcare is a critical component of retirement planning, as the rising costs of healthcare services and long-term care affect nearly all retirees. The panel discusses strategies for managing these costs, with Catherine Collinson offering insights into insurance options and savings strategies to ensure that healthcare needs don’t derail retirement plans. Embracing Lifelong Learning and Career Flexibility The concept of “slash careers”—where retirees balance multiple pursuits, such as consulting, mentoring, or pursuing hobbies—was a focal point of the conversation. Marci Alboher explains how retirees are redefining this phase of life by taking on new challenges, engaging in part-time work, and even starting businesses. This approach not only provides a sense of purpose but also offers financial benefits and social connections. The Social and Psychological Aspects of Retirement A fulfilling retirement requires attention to emotional well-being. This episode addresses the psychological shift from a career-focused life to retirement, highlighting the importance of staying socially engaged, exploring new interests, and finding ways to give back to the community. Meet Our Guest Panelists Gary Brode Gary Brode, Managing Partner at Deep Knowledge Investing, provides market insights and strategies for building a stable retirement. His career includes roles in M&A and portfolio management. https://deepknowledgeinvesting.com  Catherine Collinson As CEO and President of the Transamerica Institute, Catherine Collinson has nearly three decades of expertise in retirement trends and financial security. She leads research to improve retirement outcomes for diverse populations. https://transamericainstitute.org  Marci Alboher Marci Alboher, Vice President at CoGenerate, is a leading expert on career transitions and intergenerational collaboration. She is the author of The En
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