Time and Money During Retirement
Planning for Life After Retirement: Beyond Money & Consumption Most of us are familiar with advertisements of the financial planners aimed at potential retirees. That last paycheck has to last a lifetime! The question becomes how much money do we need for the rest of our lives? What if we live to be ninety? or (God forbid!) a hundred? The answer to those questions depends upon our habits of consumption. Do we want to maintain our present lifestyle Do we want to move elsewhere? Or journey around the world? Consumption opportunities are endless, and so could be the amount of money needed to fulfill them. A gold mine for the investment industry! This post aims to shift planning for life away from money and financial capital to broader notions of our investments in human, social, and cultural capital. Our most fulfilling leisure (non-work) time may be what we do to continue our accumulation of human, social, and cultural capital, not only for ourselves but others...