04/21/2018

What the Reinvention of Retirement Means for Millennials

Financial planning for retirement becomes planning for longevity

Today, we're not only living longer, but also healthier, able to remain active well past the traditional retirement boundary of 65. That's a good thing. For many Millennials and younger generations who may reach their 90s (or beyond), fatter student loan bills and slimmer employer benefits mean they'll need to work longer, at least part-time.

"Our number one retirement plan is to keep working," says Arielle Burstein, senior associate at the Milken Institute's Center for the Future of Aging—and a Millennial.

This isn't a grim reality, though. It's a whole new concept of retirement presenting oodles of opportunity. "Retirement" is being reinvented, changing from stashing away an end-of-life contingency fund to planning for longevity, with varied, changing needs and opportunities.

Please select this link to read the complete article from Fast Company.