"Is 75 the new 65?"

We keep seeing the age at which clients feel “old” going up. This article asks, “Is 75 the new 65?”

In order for 75 to feel like 65, you need to think in advance, and creatively, about your latter decades. In general, full retirement seems to be a non-ideal option for most, but down-shifting, or daisy-chaining from one career into a related one, is necessary for the majority.

Of those in manual labor, very few will manage to continue in their jobs past their 60s. If you are a general laborer, you should probably be thinking either of setting aside significant resources to fund your retraining, or looking into government benefits available for that training in a new area when your body will no longer cooperate with strenuous demands. For a skilled tradesman, perhaps mentoring apprentices is the next thing after 65, or home inspection or part-time work in home improvement retail (both difficult fields to find employment at the moment, I acknowledge). I know a Spanish teacher who retired completely, but shifted into working with Hispanic migrants on a volunteer basis in her small Indiana county seat, and feels her life has never been more meaningful.

The key point is probably, 75 might be the new 65--IF the aging person has thought ahead. A good estate planner will help her client by including this kind of planning in her services, since otherwise the client will often fail to foresee the need to build these options in to his or her life plan. If I can serve you by helping you sort out your goals and desires for your 60s and 70s, and by building your practical plan to fulfill those desires through those goals, please contact me for a consultation.

A. E. King, J.D.
Attorney at Law
Shoreview, MN