Keen On Retirement

Instead of looking for ways to stay "young at heart," this generation of retirees might just end up staying younger, longer. In his book The New Long Life, Professor Andrew Scott of the London Business School argues that the intersection of technology and longevity is going to fundamentally change how all of us approach life. Instead of a traditional three-stage journey from education to work to retirement, folks who stay healthier and more active as they age will have more power to shape and reshape themselves over multiple stages.

One year ago, despite lockdowns, skyrocketing unemployment, and major market volatility, my team at Keen Wealth was cautiously optimistic. We believed that most of the economic disruption our country was facing was a temporary and necessary response to battling COVID-19. And we believed that once vaccine development started progressing and the country started reopening, jobs would come back, the economy would roar to life, and the markets would respond in kind.

As excited as we all are to get back to eating in restaurants and gathering in grandma's living room, I hope seniors keep up with the outdoorsy habits and interests they developed over the past year. Pandemic or not, here are 4 reasons why spending time outside is always a healthy choice, especially for retirees who want to stay active and add some variety to their daily routines.

Folks on opposite sides of the political aisle don't agree on very much these days. But one area where Republicans and Democrats have found some common ground is the need for Americans to take more responsibility for their retirement planning. Corporate pensions are disappearing. Social Security won’t cover the bills. And many young folks face uncertain long-term prospects in our new decentralized post-pandemic workforce.

As she was preparing to retire, Teresa Amabile wanted to understand how seniors make the transition from working life to retirement life. So, being a professor at the Harvard School of Business, Teresa decided to make learning how to retire from her job a part of her job.

President Biden and Congress continue to float some pretty significant tax proposals, including last week’s package focused on corporate tax rates. On today’s show, we dig into items aimed at individuals, particularly some potential changes that could affect retirees this time next year.