Flourish - Latest Edition - Flipbook - Page 68
Keep your earning
capacity alive
In a 100-year life,
knowledge and skills
can become valuable
昀椀nancial assets.
Industries change,
technology advances
and some roles
disappear while others
emerge. Continuing to
learn can help people
remain employable,
move into new roles
or create alternative
income opportunities
later in life.
A longer working life
does not necessarily
mean remaining in
the same full-time
role inde昀椀nitely.
It might involve
consulting, mentoring,
seasonal work, selfemployment, reduced
hours or a gradual
transition out of the
workforce.
Maintaining
professional networks
is also important.
Employment
opportunities often
come through
relationships, and
social connections
can provide support
during career
transitions or periods
away from work.
Review the plan as
life changes
More years,
more possibilities
A longevity plan
should evolve with
you. Marriage,
separation, children,
caring responsibilities,
relocation, career
changes, health events
and bereavement can all
alter 昀椀nancial priorities.
Planning for a 100-year
life is not about assuming
the worst or saving every
available dollar for a
distant future. It is about
creating choices.
Review savings,
investments, insurance,
debt and future
income regularly.
Check that bene昀椀ciary
nominations, estate
planning documents
and arrangements for
managing 昀椀nancial
decisions remain current.
It can also be helpful
to make important
information accessible
to a trusted person in
case illness or incapacity
prevents you from
managing matters
independently.
Professional 昀椀nancial,
tax, legal or estate
planning advice may be
valuable at major life
stages, particularly where
arrangements are complex
or span different countries.
A strong plan balances
present wellbeing with
future security. It allows
room to enjoy life today
while steadily preparing
for the possibility that
retirement, healthcare
and personal savings
may need to last longer
than expected.
Longevity brings
challenges, but it can
also bring additional
careers, relationships,
experiences and
opportunities. The
earlier we begin thinking
beyond a traditional
retirement timeline, the
better placed we may
be to make those extra
years healthy, purposeful
and 昀椀nancially secure.
This article provides general information
only and does not constitute 昀椀nancial,
investment, tax or legal advice.
Consider seeking appropriately
quali昀椀ed advice based on your
individual circumstances and location.
