With life expectancy on the rise, people may actually spend more time in retirement than they do working. With that in mind, this episode is the second of a two-part series we’re calling Investing Through the Ages. In it, we’ll work our way through different age groups and break down how they should be thinking about saving and investing at each stage along the way. In this instalment, we’re looking at age 50 and beyond, also known as the decumulation stage. Erin Griffiths, the Executive Vice President of Scotiabank Global Wealth Solutions, is our guest to give tips on how to age gracefully from a financial perspective in the face of recent volatility, how to best shift from saving to generating income from your assets, address some common misconceptions about this phase and much more. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

1:46 – Erin introduces us to what experts call the “decumulation stage” 

4:25 – How should people think about investing differently at this stage? 

6:09 – How longevity has complicated retirement planning in recent years 

9:35 – Addressing common misconceptions about managing money at age 50+ 

10:55 – How should people who are facing retirement or recently retired be navigating market volatility?  

13:40 – What exactly does a financial plan look like at age 50+? 

15:50 – Breaking down the two key elements around planning for retirement: financial and personal 

19:13 – What challenges do women in particular at this age face when it comes to wealth management? 

20:15 – What about intergenerational wealth transfer — how does that factor into financial planning? 

22:09 – What Erin wants people to take away from this conversation