March 2019
CENTER UPDATES
APRIL 16, 2019

DESIGN CHALLENGE FINALS
Join us on April 16, 2019 as our finalist judges choose the winners of the sixth annual Stanford Center on Longevity Design Challenge! This year the Challenge attracted 97 submissions from teams representing 24 countries across the globe. Finalists were selected by a panel of 32 expert judges drawn from industry, academia, and non-profit foundations. Teams were awarded $1,000 to develop their designs further and will travel to Stanford for the Finals. They will compete for a $10,000 first prize and present their designs to companies and investors. 
LONGEVITY IN THE NEWS
March 25, 2019 | Financial Times

Companies Cannot Afford to Ignore Older Workers
Average retirement ages are rising throughout the developed world as individuals with inadequate pension savings face longer lifespans, employers confront a shortage of younger workers and governments struggle to fund services for ageing populations.

March 22, 2019 | Next Avenue

Is 75 the New 65? How the Definition of Aging Is Changing
Aging and mortality are intrinsic to the human condition. Accepting our mortality as humans underpins our search for meaning in life and our quest for wisdom and maturity. But when the average age of The Rolling Stones exceeds that of the U.S. Supreme Court, it is clear that an adjustment to our concept of aging is warranted.

March 2019 | Workspan

Redesigning Work and Retirement in the Age of Increased Longevity
The vast majority of older American workers will not have sufficient retirement resources to fund complete retirement at age 65 at their pre-retirement standard of living, according to a recent report by the Stanford Center on Longevity. As a result, they will either need to work beyond age 65, reduce their standard of living in retirement, or some combination thereof. This will cause some soul-searching among older workers, their families and their employers.

March 18, 2019 | CNBC

Only Half of Americans Have Access to a 401(k)—Here’s How to Save For Retirement If You Don’t
Using a 401(k) plan to save for retirement is an attractive option: You get tax advantages, the funds are automatically taken out of your paycheck for you and sometimes your company even matches your contribution up to a certain amount, which is essentially free money. But many Americans don’t have access to this specific retirement tool.

RECOMMENDED READING
PURPOSE AND A PAYCHECK: FINDING MONEY, MEANING & HAPPINESS IN THE SECOND HALF OF LIFE 
By Chris Farrell
A new book by economics commentator and columnist for PBS website Next Avenue, Chris Farrell, gives us insight on how people are navigating the second half of life. In 2016, Farrell devised the term “unretirement” to explain the changing nature of work and retirement, especially with so many working into their later years. In  Purpose and a Paycheck: Finding Money, Meaning and Happiness in the Second Half of Life, Farrell offers ideas for personal and policy solutions to staying employed as an older person. 
REBOOT, REWIRE OR RETIRE? PERSONAL EXPERIENCE WITH PHASED RETIREMENT & MANAGING A LIFE PORTFOLIO 
By Anna Rappaport
Anna Rappaport is an internationally recognized researcher, consultant, author, and speaker on a variety of retirement planning topics.
 
Recently she shared her personal perspectives and experience on retirement in a guest post written for the Nerd’s Eye View by Michael Kitces, the influential blog for financial advisors. Her post focused on the non-financial aspects of retirement, which she believes are just as important as creating financial security in retirement.
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CENTURY LIVES PODCAST
The Century Lives podcast provides a platform for informed discussion on a wide range of topics, between leading experts in academia, business and public policy. These conversations foster a better understanding of the state of current research, and provide fresh perspectives on how best to optimize longer lives.