Harry speaks with Dr. Dawn Carpenter of the Milken Institute about the concept of financial longevity and the importance of maintaining financial security and dignity as people age. They discuss the definitions and implications of financial longevity, the psychological aspects of personal finance, and the role of uncertainty in financial planning. Dr. Carpenter shares insights from her personal experiences and professional perspectives, highlighting the importance of flexibility and pre-planning. The conversation also covers the broader societal issues of inequality, the role of government and employers, and the Milken Institute's initiatives in promoting financial health. Dr. Carpenter stresses the importance of engaging actively in one’s longevity and offers practical advice for individuals, families, employers, and policymakers.
More on Dawn: https://milkeninstitute.org/experts/dawn-m-carpenter-dls
Topics
00:41 Defining Financial Longevity
02:25 Psychology vs. Math in Personal Finance
03:06 Personal Anecdotes and Long-Term Care
06:04 Planning for College Education
09:00 Flexibility in Financial Planning
10:05 Dignity in Aging
11:47 Obstacles to Financial Longevity
15:36 Role of Government and Employers
17:59 Milken Institute's Role
21:42 Recommendations for Policymakers and Baby Boomers
25:40 Conclusion and Contact Information
