Are You Ready For These 8,000 Days?
Retirement is not what it used to be. Historic shifts are underway. With longer, healthier lifespans, today’s seniors can expect to spend an average of 22 years in retirement. That’s 8,000 days!
If that’s not enough to rewrite the book on retirement, consider this: modern retirement now unfolds in four distinct phases. Each phase brings its own unique opportunities and challenges.
This data is part of a groundbreaking study entitled “8000 Days”¹ conducted by MIT AgeLabs.
Such changes upend prior models. What should seniors know? How can they better prepare? After all, while it’s crucial to be financially prepared for retirement, it’s also important to be emotionally prepared.