How to prepare for a 100-year life that is not in the future; it’s happening today

There are now more than half a million people living over the age of 100 or older living in the world according to figures of the World Economic Forum. Every generation is living three years longer than the previous generation. The aging world population is presenting challenges to most of the developed world and in South Africa it is often associated with health-related issues. So, if we are all becoming older and reaching 100 is becoming more of a reality – consider how many of our grannies are now reaching a ripe old age of 90 and more – how should we make sure that our wealth lasts until that magic number. Wealth Migrate Chief Marketing Officer, Mariken Jansen van Vuuren who has done research on life until we clock a century says, “living longer means you need to invest earlier” and for younger people it could start with not buying two lattes a day. Riaan van der Vyfer, Chief Investment Officer of the company told Linda van Tilburg it is going to take a new mindset and that retirement should not be the end goal of financial plans. Van den Vyfer also believes there is a structural problem in the financial services industry. Learn more about your ad choices. Visit megaphone.fm/adchoices