A longer lifespan requires new ways of thinking about different life stages. Lives aren’t simply divided into eras of learn, work, and retire the way that they were before. As a result, younger adults, adults in midlife, and older adults will all need to be able to adapt on an ongoing basis.
People experience change in cycles of varying lengths, with shifting roles and priorities from one cycle to the next. Based on their longevity research, Transamerica and MIT AgeLab have proposed a new decision-making model that can be applied throughout one’s life: Anticipation, Preparation, and Celebration. It can help financial professionals and their clients have important conversations as they work to create the future they want.