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The Path to 100: Financial Wellbeing in a Longevity Contingency Plan (with Steve Swanston)

Written by James Robert Lay | May 9, 2023

                     

Brief Summary of Episode #295

I intend to live to the ripe old age of 156. It’s true.

Many listeners may think that’s silly, but we see exponential advancements in healthcare every day. So it’s not unreasonable to assume that human life expectancy will follow in lockstep.

That’s one reason Steve Swanston, Executive VP of Sales, Revenue, and Marketing at Velocity Solutions, is pounding the table for better financial coaching for retirees.

“If life expectancy all of a sudden jumps from the low seventies to the mid-nineties, and potentially beyond, somehow you’ve got to stretch the money,” Steve said.

In this episode of our Exponential Insights series, Steve and I meet at the intersection of financial and physical health to discuss how consumers can save both.

“There's not a magic pill that cures all ills,” he said. “You can't let something stupid take you down if it's preventable.”

We can each take plenty of steps to improve our personal wellbeing. But as Steve explained, the journey begins with checking our attitude.

“Starting your day on a positive mindset is a habit,” he said. “What habits do we have to engage in to really optimize health as individuals?”

Our future reality is based on decisions we’re making in the present moment, and that includes intentional self-care.

 

Key Insights and Takeaways

  • Promoting good health habits with a positive mindset (5:32)
  • Measuring progress over perfection in personal wellbeing (20:19)
  • Why financial coaching will be critical in a future of longevity (30:55)