Older folks and those soon to be may find some benefit in the synopsis of this conference held at Wharton about the issues facing older people, retirement, health care and the need to work longer if we remain healthy.
One quote:
"The result? Mitchell predicts, as conference attendees heard from nearly every other speaker at the symposium, that baby boomers will need to remain in the workforce far longer than employees in the last generation, and much longer than they themselves may have anticipated. She returned to her earlier comment: "Like I said, just don't get old, don't get sick, don't retire ... and you'll be fine." Still, Mitchell did offer some advice for future generations of employers and employees. "We need to financially educate our citizens more and earlier, outside of the company-based benefits environment, because companies will not be the nexus of benefits and pensions in the future. Cleary, this is not a good model going forward. As it changes, people will need to consult financial professionals more and will need to understand the financial choices they are faced with in order to operate in this complex environment."
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