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Podcast #298 – How are you planning your 100 year life?
Description:
This week is a rerun of one of my favorite episodes of 2019. How are you planning your 100 year life with Andrew Scott? I’m releasing this episode the week after the US Thanksgiving holiday. Rather than not releasing an episode, I thought I’d dig into the archives and rebroadcast one of the more impactful episodes of 2019. If you heard this episode 3 years ago, I suggest you listen to it again.
Andrew published The 100-Year Life: Living and Working in an Age of Longevity. He is also the author of the NextAvenue.org post titled Is 75 the New 65? How the definition of aging is changing.
The book Living 100 Years is about what our expectations of life might be if we lived to be 100 regularly. He does this by discussing 3 different scenarios:
- Jack, born in 1945, had a typical 3 phase life, education, work and retirement. He retired at 62 but died at the age of 70. He is married but his wife is a housewife.
- Jimmy was born in 1971 and has a life expectancy of 85 years. He planned a life in 3 phases, but the work had to be extended. It has a 3-tier extended lifespan. He is married, but his wife earns less than he does.
- Jane was born in 1998 and has a life expectancy of 100. She is not expected to retire until she is 85. The 3-phase life fractures. She probably won’t get her first professional job until she’s 30 and marry later, but to someone of equal earning power. They all take breaks from their careers about every ten years to reinvent themselves.
This is an intriguing topic as the traditional retirement age of 65 does not work when many are living to 100 or even older.
We’re all living longer. Although this was recorded before the pandemic, the points Andrew Scott makes about what it means to get older are still extremely relevant.
The article entitled Is 75 the New 65? As the definition of aging changes, it shows that a 75-year-old today has the same life expectancy as a 65-year-old 40 years ago. You can imagine that you were given 10 more years of life. What are you going to do with it?
I think our conversation is even more relevant today as the pandemic is causing us to re-evaluate what we do and what we want to do with our lives.
This episode is sponsored by Career Pivot. Visit the Career Pivot Community and be sure to check out my latest book, Reshape Your Career: A Practical Guide for the 2nd Half of Life Third edition.
Now for the podcast…
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Sites Mentioned in the Podcast:
Living 100 Years: Living and Working in the Age of Longevity
Is 75 the new 65? How the definition of aging is changing.
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