Mature couple with laptop

Some people believe the system of retirement in the U.S. is coming to an end.

The generally accepted concept is that as Americans live longer, the health system will be strained but that theory is being disputed as Nautilus discusses in “Retiring Retirement.”

Some people believe we are on the verge of many scientific and medical breakthroughs that will have older Americans not only living longer, but living much healthier. In fact, many older Americans already are.

Under this view, older Americans will no longer have to retire or go into nursing homes. Instead, they will be able to work if they want and will be able to take care of themselves in their own homes.

It is important to note that these anticipated breakthroughs have not happened yet and might not happen anytime soon. There have been many predictions of pending developments in all areas of life.

Despite a universal belief in the 1950s that in the near future people would have their own flying cars and personal jetpacks, we all know those predictions did not come true. Thus, for now, people should probably still plan for retirement and how they will be taken care of in their elder years.

Reference: Nautilus (May 26, 2016) “Retiring Retirement.”

For more information on elder law and estate planning, please visit my estate planning website.

Mr. Amoruso concentrates his practice on Elder Law, Comprehensive Estate Planning, Asset Preservation, Estate Administration and Guardianship.