In a Forbes column, Joseph Coughlin reflects on the deaths of actor Gene Hackman and his wife, highlighting the inadequacies in retirement planning. While society glorifies asset accumulation and leisure in later life, Coughlin argues that there's a critical oversight in addressing necessary infrastructure for aging. This includes creating robust support systems, flexible housing, and care arrangements. As many older Americans desire to age at home, they often face financial and safety obstacles that complicate this aspiration, underscoring the need for comprehensive longevity planning.
Coughlin highlights that current retirement planning focuses on asset accumulation, neglecting the infrastructure essential for healthy aging and caregiving.
The narrative of retirement should evolve beyond leisure, encompassing broad strategies for longevity preparedness and adaptable living environments.
Coughlin emphasizes the need for diverse social connections and having care contingencies as crucial elements of a sustainable aging plan.
Safety and financial concerns often hinder older adults from aging in place, despite their strong preference to remain in their homes.
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