Today, a college-educated person with a comfortable income is likely to live into their 80s. A life this long can be divided into four periods, averaging roughly 8,000 days each. The period from birth to college graduation is approximately 8,000 days. College graduation to midlife, or 46 years of age, is another 8,000 days. Midlife to the retirement age of 66 is also 8,000 days. After that, there’s generally another 8,000 days for retirement. Retirement planning doesn’t always consider the realities of an 8,000-day retirement; a script hasn’t been written for that final, but still lengthy, phase. Learn MIT AgeLab’s insights to help prepare for an 8,000-day retirement. Utilizing an 8000-day framework can help to reduce uncertainty and prolong independence so we can live the lives we aspire to.
John Diehl is a Certified Financial Planner CFP® CLU® and ChFC® who has been with The Hartford and Hartford Funds for more than 30 years.
As Senior Vice President of Applied Insights, John leads Hartford Funds’ research efforts with the MIT AgeLab as well as other thought leaders. He oversees a team who translate this research into actionable ideas for financial professionals and their clients across the U.S. John’s views on the future of retirement planning have been published in the Wall Street Journal and other publications.
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