AgeLab Founder and Director Joe Coughlin is interviewed for WealthManagement.com on the themes of his new book, The Longevity Economy, and how the financial advice profession figures to change in an era of longevity:
"...Most financial advisors are still focused on the concept of retirement as we once knew it. That’s a made-up concept—and it needs to be retired. We need a new story about this part of life, but financial advisors are still making plans today based on an old narrative that is no longer realistic.
The old story of retirement is about pulling back—you travel, play golf or tennis or walk on the beach. Or, we’ll all be riding bicycles as we age. But aging has so fundamentally changed that these old narratives are not going to be adequate, because our needs and interests are changing. What older people today might aspire to become or accomplish falls by the wayside."
Read the interview in full here.