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5 WAYS TECHNOLOGY WILL CHANGE THE WAY YOU AGE

Topic

Retirement Savings and Income Planning

Program ID

227961

Hours

1

Format

Live

Complexity

Overview

Description

For the next generation of retirees, one question will trump all others: How do you add life to longer lives? As people live longer, and spend more time in retirement, the challenge will be to get more out of those years. How do you find a rewarding second career? How do you stay close with friends and family? How do you maintain independence and mobility? How do you embrace new experiences? The answer: technology. With the advent of smartphones and constant connectedness, a new peer-to-peer, on-demand economy has emerged. With a simple swipe or tap of an app, information and services are available at our fingertips. This new economy of connections is what will enable us to live fuller lives as we age, and it touches five important aspects of our lives: 1. Technology-Driven Transportation Will Help Us Stay Mobile 2. It Will Be Easier to Work and Earn Income Longer 3. We’ll Be Better Able to Maintain Our Social Network as We Age. 4. Apps to Help Us Age in Place 5. Technology Will Monitor Our Health at Home Advisors will learn why renting, not owning, assets in the on-demand and sharing economies will translate into a need for more cash on hand than retirees currently need and less stashed away in illiquid assets such as real estate. Attendees will consider the costs of these new devices and services, the need to put more emphasis on income that may be needed to pay for on-demand services, and understand the impact that a shift towards income could have on asset growth.

Learning Objectives

1. Learn about a new array of devices and services that will make it easier for investors to work, stay healthy, live at home and remain connected to friends and family. 2. Understand the need for longevity specialists. Longevity specialist advice goes beyond investment and planning alone to focus on the income that will be necessary to address specific needs in later life. Moreover, a longevity specialist serves as a connector between investors and trusted, vetted services that provide solutions to the jobs of longevity. 3. Learn practical ideas to help investors experience the capabilities these new apps and devices. 4. Understand the retirement income needs resulting from the on-demand, sharing economy products and services