A Quote by Sherry Lansing
I left Paramount at the ripe young age of sixty. A generation ago, that would have been retirement age. But my generation has more energy, more drive, and a greater life expectancy than any group of retirees before us. We are going to be here for two decades or more past 'retirement' age and we want to do something relevant in the so-called third act of our lives.
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We obviously have to honor the commitments that have been made to the people who are already retired or near the retirement age. But we need to tell the truth about the fact that when we set the retirement age at age 65 in America, life expectancy was only 62.
Macroeconomic stability will be more elusive and that will affect all of our lives: from the risks many will face in childhood, to the security of employment at working age, to the challenge of accumulating for retirement. More financial instability will introduce more uncertainty all down the line, and that will be a very different world than the one we would have lived in only a couple of decades ago.
Socialist countries throughout the world love to lower retirement ages to make people prematurely dependent on the government. But we should move in the opposite direction. In the long run, indexing retirement to life expectancy will yield enormous revenues to the system, far more than a one-shot increase in the age in the current legislative cycle.
It's time for a 21st-century retirement age. If 40 is the new 20 and 50 is the new 30, why shouldn't 70 be the new 65? The last time Washington politicians tinkered ever so gingerly with the government-sanctioned retirement age, Ronald Reagan was in office and Generation X-ers were all in diapers.
Everybody talks about the entitlement generation. There is no time I'd rather live in than now, and there is no generation I would more entrust the future of this country to than this one. There is a tendency to live in a nostalgic state in this country, and to think that other generations possessed an integrity and a tenacity greater than the generation that is now. I wholeheartedly disagree with that. I believe that this is a group that will rise up to any challenge that comes before them as well as any other generation in America would have done.
I'm not philosophically opposed to raising the retirement age... I accept the fact that I may have to raise my retirement age for that.
It's probably also smart to keep some money in cash to invest it. But I would resist at all costs taking a lump-sum distribution because the tendency is to spend out too fast in the early years of your retirement. The advice of professionals is to take out no more than 5% per year and that will give you 20 years of distributions, and at your age, 55, you probably have more than 20 years life expectancy.
In Britain, journalists often view comparisons with our society going back two, three, or seven centuries as more relevant than comparisons going back two, three, or seven decades. Drunkenness centuries ago is more illuminating than comparative sobriety 30 years ago. The distant past, selectively mined for evidence that justifies our current conduct, becomes more important than living memory.
The older generation had greater respect for land than science. But we live in an age when science, more than soil, has become the provider of growth and abundance. Living just on the land creates loneliness in an age of globality.
Well, we certainly need to raise the retirement age. I've told my 19-year-old and my 22-year-old that they're not going to be getting retirement benefits at age 62.
Don't act your age in retirement. Act like the inner young person you have always been.
In an age of speed, I began to think nothing could be more exhilarating than going slow. In an age of distraction, nothing can feel more luxurious than paying attention. And in an age of constant movement, nothing is more urgent than sitting still.
There are times when the presence of more choices can make us choose things that are not good for us. For me the clearest example is that the more retirement fund options a person has, the less likely they are to save for their old age.
For as long as I can remember, I have been inspired by the achievement of our founding fathers. They set forth principles that have endured for than more two centuries. Those principles are as meaningful and relevant in each generation as the generation before. It would be a profound privilege for me to play a role in applying those principles to the questions and controversies we face today.
The 21st century has more potential than perhaps any other in our brief evolutionary history. We stand on the cusp of computing, genetic and energy generation breakthroughs that were only recently in the realm of science-fiction. A golden age of humanity is tantalisingly within our grasp.
Seventeen's not so young. A hundred years ago people got married when they were practically our age." "Yeah, that was before electricity and the Internet. A hundred years ago eighteen-year-old guys were out there fighting wars with bayonets and holding a man's life in their hands! They lived a lot of life by the time they were our age. What do kids our age know about love and life?
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