Wednesday, July 22, 2009

Longevity and long range planning

This article just came through my email and I thought I would share it with you. It's very interesting. Makes you think that you had better make a "longer' range plan than first anticipated. I still feel real estate investment is the way to go, but many will not agree.
Only time will tell and by the looks of it, we'll have lot's of it!
All the best,

Tomoji Tanabe died in his sleep this past June 19th. A resident of Japan, he was the world's oldest man at 113. He drank milk every day, avoided alcohol, and did not smoke.

His successor as the world's oldest man was Henry Allingham, a resident of England who was also 113. Henry attributed his longevity to "cigarettes, whiskey and wild, wild women".

I'm pretty sure the secret to a long life is a large measure of luck.

When we are young we tend to think of life as a long journey with no end in sight. It is something we look forward to and we don't worry about it. As we approach retirement we still look forward to a long life but we start to worry about just how long it might be.

You are going to hear the word "centenarian" more and more in the future. It refers to those who have reached the age of 100 - a milestone we think of as being quite rare. In the 1950s there were only a few thousand people over the age of 100 in the world.

Some experts are predicting that there will be one million (1,000,000) centenarians in the US by 2050. This means that one million people in the US in their early 60s are looking at another 40 or more years of life. On a global basis it is expected that there will be more than five million centenarians by 2040.

While luck definitely plays a role in longevity so do advances in medicine, technology, food supply and physical fitness. The one element that may impact longevity the most is that of nano technology - literally microscopic intelligent machines that may be injected into our bodies to address a myriad of health issues.

All of this begs the question: just how much life can I afford to live?

It looks like Spock had it right when he said "Live long and prosper".

I hope this finds you Happy and Healthy!

All the Best!


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

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