Give Your Retirees a Deck of Cards…

January 2000
Journal of Financial Planning;Jan2000, Vol. 13 Issue 1, p27
Academic Journal
This article presents information on a Harvard University study which found that seniors who are the most socially active--playing cards, going to movies, being with friends, eating out--live as much as two-and-a-half years longer than retirees who do not. In fact, socializing is as powerful a component of longer life as physical exercise, says the study. Of course, many financial planners view their role with retired and nearly retired clients as strictly financial--making the retirement last longer, planning the estate, and others. But other planners prefer to help their clients envision the entire shape of their retirement, not just the dollar issues. Maybe along with talking distribution strategies, planners should encourage their retirees to be socially active. For one thing, they will be clients longer.


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