"Recently, however, the definition of retirement security, and perhaps security itself, has fundamentally shifted. When it comes to personal wealth, what constitutes risk has expanded and become harder to predict. In 2025, healthcare costs have the potential to bankrupt even millionaires. Extreme weather and climate events can wash away dream homes. And, political volatility is rising in every corner of the country."
"The popularization of remote work during the pandemic cracked open doors for different types of engagement, opening retirees to thinking beyond their borders when it comes to their future. Many are choosing to work in more flexible capacities for longer and viewing retirement less as a full stop and more as a transition to new frontiers, including philanthropy, advisory roles, and entrepreneurship."
"Modern portfolio theory has long shown that concentrated positions create unnecessary risk. Now, affluent Americans are extending that logic beyond investment accounts to global mobility. By accumulating additional passports, families can maintain their lives in America while securing a Plan B in their back pocket. This is a logical extension of the diversification principle that built their wealth. As healthcare costs in the United States continue to rise, more families and retirees are looking beyond U.S. borders entirely for retirement security."
Traditional retirement strategies face new, broader risks including soaring healthcare costs, extreme weather, and rising political volatility. Wealthy Americans are living longer and reassessing reserve sizes and time use. Remote work expanded opportunities and encouraged retirees to consider cross-border options and flexible work rather than full retirement. A nomadic wealth class prioritizing flexibility is emerging and using geography as a hedge. Affluent families are applying diversification principles to mobility by acquiring additional passports and exploring retirement outside the United States for greater financial and lifestyle security.
Read at Fortune
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