Make It Last with Victor Medina - Legal & Financial Retirement Planning

The 401(k) plan has become the leader in today’s retirement savings vehicles. Most employers have a 401(k) or company plan that they set up for employees, with a potential for a company match. In today’s episode Victor will let you know how you can set up your retirement plan to not only get you into retirement, but take you where you want to go once you’re in retirement.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Victor J. Medina:  Everybody, welcome back. This is Make It Last. I’m your host, Victor Medina. I’m so glad you could join us this Wednesday morning as we continue with the newest program initiative on WCTC 1450AM, New Jersey. That’s sound advice, part of a new programming for them, where they take local experts. They bring them into talk to you about things you should know about.

I am their local expert on retirement planning, both as a legal and financial matters. As a CFP and C‑E‑L‑A CELA, I’m just somebody that knows a little bit about elder law, estate planning and certified financial clinics. I’m a lawyer with estate planning practice. I’m a certified financial planner. I’ve got some designations for retirement, as well.

Look, here’s the thing. I’m going to talk to you for the next hour or so about something that I think is important for you. It’s going to be a topic that is going to be enlightening for most people.

The show is not only here to provide you with knowledge about 401(k)s and the potential benefits of rolling one a 401(k) into an IRA. It’s also meant to help you think differently once you get closer to retirement. That’s what we’re going to focus on here today.

We’re going to be talking about the fact that you’ve built this nice nest egg. You’ve got a 401(k) that you’ve created. Now, it’s time to take control of your money because a 401(k) has been at the forefront of today’s retirement savings vehicles. Most employers have got some form of a 401(k) or a company plan that they set up for their employees. If you’re lucky enough, you receive a company match. That could be a nice feature of the plan that you’re in.

For some people this may be great, but I tell you old school pension plans may even seem better for those getting ready to retire. My mom and dad, they were school teachers. They worked their entire lives. They knew at the end of it, they’d be receiving a pension.

For them, that was an excellent way to think about retirement planning. It was going to provide for them an income stream for the rest of their life no matter how long they lived. In fact, they’re enjoying that right now. They’ve got a great income. It gets deposited into their account every second day of the month. They know when they’re getting paid. It’s there forever and ever. Now, unfortunately pension plans are becoming a thing of the past.

They were definitely there for private companies for any number of years, but as the times change, they’re only there for public entities. Again, my parents are school teachers. My wife’s in the school system. She’s working towards a pension plan.

Instead what companies are doing is they create these 401(k) plans. These are company plans that everyone is retiring with.

Victor Medina is excited to announce that Make It Last will now be released as hour long segments and air Wednesday mornings at 11am on WCTC 1450AM radio. The hour segment is part of a featured series on WCTC Radio – Sound Advice. The featured series is where professional experts offer their knowledge on topics from financial guidance, to help with mortgages, and advice on healthy living.

This episode will be an introductory episode for the new Wednesday morning listeners. You will learn what makes Victor Medina qualified to give “sound advice” and what makes Medina Law Group and Private Client Capital Group unique.

Medina Law Group and Private Client Capital Group want to welcome all new listeners and to say thank you to all the dedicated listeners. We have a lot more to offer and hope you will stay on this educational journey with us.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Victor J. Medina:  Everybody, welcome to Make It Last with Victor Medina. I can’t tell you how excited I am to welcome a brand new audience to a brand new format of a show that is going to be changing its time, its airing link.

Everything about it is brand new except for the people that are podcast listeners because you’ve been with us for 85 episodes, and yet, we’re welcoming a brand new audience to the start new year.

This is Make It Last, with Victor Medina. I’m your host Victor Medina. I want to talk a little bit about myself, to introduce this new audience, because we are brand new on a whole programming change at WCTC 1450 AM called “Sound Advice.” We’ve got a new airtime.

Those of you that are getting this on the podcasts or already downloaded onto your device, you’re like, “Well, what happened? I’m used to getting this on Saturday mornings.”

In fact, we took a couple of the weeks off preparing for the new show. We knew that on January 2nd we were going to be launching a brand new format as part of a programming shift that’s going on at the radio station.

We were one of a few number of programs that were asked to expand their programming from half an hour to one full hour. We’ve got a drive‑time programming slot at 11 o’clock in the morning on Wednesdays and re‑airing throughout the week.

One of the things I wanted to do was take a moment to welcome this brand new audience, talk a little bit about who I am, and why you should be listening to this show. Then we’ll go right back into some of the great stuff that we have been doing for the first 85 episodes of the program.

Look, there’s a brand new programming schedule going on at WCTC. If you haven’t heard the promos for it, it goes a little something like this. They have created a set of programs called Sound Advice.

The way it goes is, “There’s good advice, there’s great advice, and then there is Sound Advice. This is professional information and suggestions that really make a difference.”

Throughout the weeks ‑‑ we’re going throughout the week ‑‑ there’s local one‑hour programming designed to give people in the community knowledge, information, and guidance to help them make better decisions in their personal and professional lives.

They’ve got financial guidance and real legal guidance, which is this programming,

While out at a conference last week Victor had the opportunity to see some inspiring speakers, one of them being Dr. Jeffrey Life. You may have seen Dr. Life on the cover of magazines or on television, he is an 80 year old man who decided to turn his life around in his late 50s and get into the best shape of his life. Now he travels as an inspirational speaker sharing his wealth of knowledge on all things healthy living. In this episode Victor shares Dr. Life’s 12 Keys to Healthy Living.

In the second half of the show, Victor shares some lessons we can learn from the recent passing of Stan Lee & George H.W. Bush, regarding their estate plans. Victor goes over the importance of not only having an estate plan, but having a complete one.

All that AND some exciting news from Medina Law Group and Private Client Capital Group!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Announcer:  Welcome to “Make It Last,” helping you keep your legal ducks in a row and your nest egg secure. With your host, Victor Medina, an estate planning, elder law attorney, and certified financial planner.

Victor J. Medina:  Hey everybody, welcome back to Make It Last. I’m your host, Victor Medina. I’m so glad that you can join us this fine Saturday morning being the last Saturday before Christmas holiday. I’m sorry that we missed you last week.

I got to tell you I was away at a conference and not able to sit for and record for last week’s show. It was time well spent. Every four months or every three months, four times a year, I get to go and hang out with the best estate planning and elder law attorneys in the country.

Then once a year, typically in December, all of these groups come together, about 150, 200 lawyers overall, they come together for a summit, sharing the brightest ideas that they’ve come across. It’s a community of learning. I got the opportunity to do that last week.

In fact, I was somebody who was featured as a speaker there. I got to share some of the stuff that was going on in my practice among 10 other people. I was honored to be included amongst those folks and share what I had with them. That was a lot of fun.

In addition to the sessions that were given by other practicing attorneys, we had the opportunity to learn from three keynote speakers. I was struck by what they had to share. The three speakers that we had, one of them was an attorney that you may have seen with billboards up across Philadelphia area.

His name is John Morgan. He built one of the largest personal injury firms in the country. They do about a billion dollars in revenue. [laughs] I couldn’t imagine what he said. It’s actually one billion dollars. They do about a billion dollars in revenue. They spend about 130 million dollars. He shared some of his secrets on there.

Then there are two other speakers I was also impressed by. One was a gentleman named Dr. Jeffry Life. Dr. Life is the guy that you would see in the airplane magazine, the “Body For Life.” He’s actually licensed his image as in his company.

He’s the guy at 57. He was a general practitioner and realized that his life was going in the wrong direction health‑wise. He committed himself to transforming his body and living a healthy life. In an image that you’ll see in the airplane catalogs,

In the first segment of the show Victor provides an update on the status of the NJ fiduciary rule for financial advisors.The rule is currently being discussed in informal conferences. In these conferences some financial advisors are claiming, should the rule be imposed, it will negatively influence how they are able to do their job, rather than looking at the rule as what is in the clients’ best interest.

In the second half of the show Victor is joined by Hilary Murray of Brandywine Pennington. In a continuation of the holiday season series, Hilary shares what makes assisted living and Brandywine unique. She shares her thoughts on when families should start considering assisted living for loved ones and some important signs to look for when visiting with older family members during the holidays.

If you would like more information on Brandywine you can visit their website www.brandycare.com/our-communities/pennington/ or call directly to schedule a tour!

 

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Announcer:  Welcome to “Make it Last,” helping you keep your legal ducks in a row and your nest egg secure with your host, Victor Medina, an estate planning and elder law attorney, and certified financial planner.

Victor J. Medina:  Hey everybody, welcome back to Make it Last. I’m your host, Victor Medina. I’m glad that you can join us this Saturday morning, I am excited for today’s show.

We have another guest that we’re welcoming on who’s going to continue our series of what happens when you notice older adults around you needing a little bit of help. We finished with Thanksgiving a few weeks ago. That’s typically the time where we notice what’s going wrong with family members.

Where there might be mom, or dad, or grandma, or grandpa, that might need a little bit more help. How are we going to provide that for them? How are we going to keep them safe?

In week one, we discussed a little bit with a doctor who specializes in Alzheimer’s, talked to us about some clinical trials. I urge you to go back to that show if you’re interested in listening to that and you missed it.

Then last week, we talked with representatives from a home healthcare agency, who provide care, both skilled and unskilled care, inside of the home. We discussed that. If you missed that show, you should go back to that one.

This week, we’re going to be joined by Hillary Murray, who is from Brandywine, who is going to discuss with us a little bit more about assisted living. What that definition is, what it means, and when it’s proper to consider that. I’m excited for that interview, and excited to bring that to you.

We’ll be with that segment in a little while. Before we get to that, there were a couple of topics that I wanted to cover, some things in the news. A few shows ago, I let you know that New Jersey was considering imposing a fiduciary standard on all financial advisors.

They were going to do that more as an administrative thing. Through the Bureau of Securities, they were going to, basically, put in a new set of rules. It wasn’t a law that needed to be passed. It just had to be written as a set of rules. This gets into a whole administrative procedures act to discuss.

We are coming up on the last days for Medicare open enrollment. You will have until December 7th to enroll so if you have not done so yet, there is still time. Take a listen to the first half of this show as Victor explains the importance of enrolling on time and suggests going back to episode 74 to listen to the interview with Carol Baker of CABA Benefits, as she shared her wealth of knowledge of all things Medicare.

In the second half of the show, Victor continues the holiday season series. Now is the time where families are getting together and have an opportunity to see older family members during the holidays. During this time they may begin to recognize some form of decline, whether it be cognitively, physically, or a little bit of both. Kat & Kelly of Independence Home Care speak on their area of expertise, home care. They share valuable information, from how to know when someone needs home care to how to shop for a home care agency.

If you would like more information about Independence Home Care you can visit their website.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Victor Medina:  Hey everybody, welcome back to Make It Last. I’m your host, Victor Medina. I’m so glad that you can join us this Saturday morning.

I’m excited for today’s show because we’ve got a couple of special guests that are going to join us as we continue our series where after Thanksgiving we introduced this idea that maybe you’re going to notice some family members getting a little bit older, maybe needing a little bit of help.

You might need some tips about what you can do to assist them and put them in the best possible position going forward. Last week, we had a doctor on talking to us about Alzheimer’s and some of the indications and some of the clinical trials that are available.

This week, we actually have got two special guests coming in from a home healthcare company called Independence Home Care. Our guests are Kat Verdi and Kelly Aylward.

They’re going to join us a little bit later on in the show and then share with us some ideas to think about when the older adult that’s in your life might need a little bit more care, might need some help around, and what to think about and look for when you are, essentially, shopping for those services.

Before we get into that segment, I wanted to share with you some information because we are at the point in the year where we need to be making some healthcare and Medicare‑related decisions. We still have some time left for people to be making some decisions through the Medicare open enrollment period.

Now, that opened back in October 15th. In fact, just prior to the opening of the Medicare open enrollment period, we had on a special guest. Her name was Carol. One of the things that I’m going to urge you to do is go back to one of those shows and listen to that if you want to learn more about Medicare supplements and Medicare, generally.

If you go back to that and listen to that show, remember you can do that by going to Apple iTunes or going to Spotify, subscribing to the podcast. You can even go to makeitlastradio.com and scroll back through the prior episodes.

Seeing those you have not seen in a while can draw attention to issues you may not have realized were developing in older adults in your family. After the holidays is a great time to begin to develop a team of professionals to assist your family in getting older adults to a safe and comfortable place in their lives as they continue to age. Listen to the first segment of the show as I describe a few good places to start when developing your team.

In the second segment of the show I interviewed Dr. Apter of Princeton Medical Institute. We discussed the clinical trials Dr. Apter has been providing to those with Alzheimer’s, which aid in finding effective solutions to those living with the disease.

For more information on the clinical trials Dr. Apter can provide visit Princeton Medical Institute’s webpage.

 

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

 

Victor J. Medina:  Hey, everybody welcome back to Make It Last. I’m your host, Victor Medina. I’m so glad you can join us today. I’m really excited about today’s show because got a special guest here, and his name is Dr. Jeff Apter. Dr. Apter is the founder of the Princeton Medical Institute, and he’ll introduce himself when he comes on for the interview segment.

You’ll see he is a practicing psychiatrist, but over the last 30 years has put together an organization that, right now, is focusing on a number of clinical trials that are available for trying to find an effective solution for people that are suffering from Alzheimer’s.

This interview was pre‑recorded. Dr. Apter’s quite a busy man, but you’ll hear him mention in there how Alzheimer’s really is the plague of the 21st century, how we’ve been able to address things like malaria and the plague itself, but this is something that’s so rampant and for which there’s no effective treatment. More and more people are being diagnosed with it and suffering from it.

We’re all aware of the Alzheimer’s Association. It exists. There are caregiver associations. Nothing seems to rob someone away more than Alzheimer’s and the families that are affected by that. I’m excited to bring to you today Dr. Apter and some of what he’s sharing in the advances in clinical trials, what’s on the horizon and how you can get involved.

I know there are more and more people that are listeners, both as the baby boomer generation just ages and we’ve got more of them getting older, we’ve got so many people coming into our office that are right there, suffering from dementia in some format. I’m real excited to bring him here.

This is right after Thanksgiving. Before [laughs] I get too far and deep into the subset, I hope you had a wonderful Thanksgiving. I noticed something that happens in our office, which is Thanksgiving ends up being an opportunity for people to gather their families around.

One of the weird consequences of that is that people finally open their eyes to what’s going on with a family member at risk. An older adult, a parent, especially, might be dealing with dementia, cognitive decline or just might be in a living sit...

Estate planning is not just about getting documents put into place and making sure your finances are allocated to go to the right person or place. An estate plan should be personalized to your own specific needs and lifestyle, to make sure that things like your pets and online accounts have someone taking care of them. Listen this week for the 10 non-financial estate planning issues people face when creating their plan.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Victor J. Medina:  Hey, everybody. Welcome back to Make It Last. I’m your host, Victor Medina. I’m so glad you could join us this Saturday morning. I’m excited for today’s show. We’re going to go a little lighter fare for today. I’ve been covering some heavier topics. In fact, we’ve got some guests coming up in the next few weeks.

I thought I’d take it easy on you. I would just cover [laughs] 10 non‑financial estate planning issues. I’m going to cover, for today, 10 things that you should be thinking about in your estate planning that have nothing to do with your money or who’s it going to. I think that’s going to be good.

Now, look it, apologies ahead of time. If my voice is not in its finest form, it’s because last week we celebrated the release of my newest book, “Make It Last ‑‑ Protecting Your Family from the Costs of Aging.” It’s my third book. It was an exciting book launch.

A lot of great friends showing up. We were at a Mall Feast in Lawrenceville, which has a great little bar area there. It’s where we did the other book launch that we hosted a few years ago. 80 friends and family, clients, referral partners out in the community. It was quite a blast. Of course, I was talking loudly with lots of people [laughs] and having a great time.

Now I’m recovering from that. I think I shook too many hands from people that might have had something, a little something on there, growing, that somehow made it onto me. Still recovering, but it was a great time.

I want to thank everybody who came out to support the book launch. It has been so well received from everyone that’s read it that is a professional in the elder care community, all the way through people that are just lay people that are looking to use the book and learn from it. In fact, that’s our most important audience.

If you’re interested in getting a copy of the book, it’s available for purchase. You can go onto Amazon and search for Make It Last Protect Your Family or Victor Medina as the author. It’ll come up. You’ll see the book. It’s available for $25.95.

If you’d like to get it a little cheaper, and you have a smartphone, you can get the Kindle version of that. That’s only $9.99. That’s easily available. By the way, you don’t even need a Kindle for that. You don’t need a special reading device. Every smartphone out there, Android or Apple, will have a free Kindle reader. You can download that Kindle reader and your book will arrive there.

For people that do buy it as a hard copy, and maybe it’s something that they want to read, mark up, and give away, we’ve included in there ‑‑ this is our deal with Amazon ‑‑ that if you buy the hard copy, you can get the Kindle copy 100 percent for free. It doesn’t cost anything extra.

In 2016 Victor published his first two books in the Make It Last series. One in the area of fundamental estate planning and one in the area of retirement planning. After realizing the great need to continue the Make It Last series with a book on elder law planning and the costs of aging, Victor published Make It Last: Protecting Your Family From The Costs Of Aging.Tune in this week to learn more about how this book can help yourself, loved ones, or clients during the aging process.

If you are interested in purchasing any of the Make It Last books, they are all available on Amazon. Remember to leave a 5 star review when you finish reading!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Click below to read the full transcript…

Victor J. Medina:  Everybody, welcome back to “Make It Last.” I’m your host, Victor Medina. I’m glad you can join us this Saturday morning.

This is an exciting show for me because I’ve got a big announcement. I want to spend the show talking about something that I have done recently that has made me very proud. I’m kind of excited about it, but it’s also going to be a great benefit for you out there as well.

The thing about it is this. A few years ago, I published two books, one in the area of legal planning. It was called “Make It Last ‑ How to Get, and Keep, Your Legal Ducks in a Row.”

The book covered some fundamental estate planning related stuff. If you were thinking about what you were going to be doing with your estate planning, you would read this book and it would give you a good idea, a good road map, for what you were going to be doing with your estate plan.

It even included some things to do about how to interview an estate planning attorney. If you’re going to go visit somebody in the near future, what questions to ask, what model answers look like. It included a lot of descriptions for terms. Things that were part of this sort of foundational planning.

The concept behind that was that it was a way of getting people comfortable in a world where they often didn’t do a lot in planning. You don’t do an estate plan very often [laughs] . If you hadn’t done it in a while, this book would help you get there.

Then the other book that I published, also in the same year in 2016, was “Make It Last ‑ Ensuring Your Nest Egg Is Around As Long as You Are.” The concept behind that was for people that were entering retirement. I was finding that there were a lot of, again, sort of base‑level concepts that they were missing on ideas that they should just know for retirement.

For instance, understanding what expense ratios were in investments. Why variable annuities are a no‑no. Understanding proprietary funds and why those investments. How to structure different solutions in retirements to make sure that your money stayed safe and was smartly invested.

Now, there’s lots of areas we didn’t go into in that book. We didn’t talk about ways of creating retirement income, and making sure that you had a plan that could withstand market fluctuations up and down. We didn’t go into that into this book.

The idea was, again, just to give a base‑level of understanding on topics that I felt were not well shared. They weren’t well understood.

In the first segment of the show Victor shares two things you should keep in mind: Medicare open enrollment is currently going on until December & the recent volatility of the stock markets is normal. In the second segment of the show Victor interviews Paul Euell of SYNERGY HomeCare. Paul provides a wealth of knowledge on how home care can help people who would like to age in place, need additional care after surgery, because of a fall, or cognitive issues.

 

If you have been considering home care for a loved one please visit SYNERGY’s website for more information on how they can help.

 

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

In the first half of episode 78 Victor explains the concept of an E.P.I.C. retirement and how the meaning of retirement has changed over the years. In the second half of the episode Victor interviews Bernie Sokal of MoneyCare Financial. Bernie is a daily money manager and fiduciary, meaning he is able to manage the finances of individuals who might struggle with bill paying, preparing checks or bank deposits, balancing their checkbook, or organizing and maintaining financial records, and he does so all in the best interest of the client. Tune in to learn how a daily money manager might be able to help you.

 

If you or a loved one might be in need of a daily money manager, you can contact Bernie at MoneyCare Financial’s website, www.moneycarefinancial.com

 

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA®) and Certified Financial Planner™ professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

 

Click below to read the full transcript…

Victor J. Medina:  Hey, everybody. Welcome back to Make It Last. I’m your host, Victor Medina. I’m so glad you can join us this Saturday morning. I’ve got an exciting show for you.

A little bit later, we’re going to be speaking with Bernie Sokal from MoneyCare Financial, who is a daily money manager who helps people who are seniors who might be dealing with a special needs trust, high net worth individuals might be too busy.

It offers a set of services for daily money management that can make your life a little bit better if the person you’ve named as an agent doesn’t want to serve. Maybe, you need somebody to serve as a power of attorney agent.

I’m excited to welcome Bernie. He’ll be on a little bit later. In the meantime though, I wanted to share with you an article that I came across because we spend so much time in this show talking about retirement planning, specifically with legal and financial focus. Want to make sure everything’s in line for that.

The question now is, “Is retiring at all something that you want to follow?”

I’ve shared with this in a prior show that the whole idea about different kinds of retirement. You can have phased‑in retirement. You can have retirement over different segments. You retire for a year or two and then you go back to work. Just the whole concept of retirement has turned on its head.

One of the ideas behind that’s being shared is, maybe, that not retiring at all might be the best advice that you can get. Retirement is this social construct that no longer fits in the age that we live in. It’s this sort of artificial finish line imposed on our lives and based on age.

The biggest thing that I’ve seen on the cornerstone for retirement has nothing to do with someone’s age. That shouldn’t be necessarily what dictates what they’re doing. If you end up looking at people’s retirement planning, it’s always like living on the money that’s left after you’re no longer able to work. We are facing this in all different directions.

There are mandatory retirement ages definitely surrounding certain ages like 75, so on and so forth. That is a construct from a very long time ago. Chancellor Otto Von Bismarck signed a law in 1885 in Germany, which was basically the first example of a modern retirement coupled with the Social Security system.

At that time in 1885,