Kathleen Adams argues against treating aging like a countdown. Instead of chasing maximum growth, focus on preserving wealth and finding new purpose. The shift: think longer-term, prioritize stability, and use your accumulated wisdom before it's too late.
Chapters
So a lot of people come in with the mindset that they have a clock. I'm on my way down, I'm on my way out. So we do talk a lot about that because as most advisors are doing now, we're realizing we have to get people thinking about longevity. I don't want to live and lose my mind or get feeble. So then it becomes about quality of life. Right? So we try to combine a conversation into number one, you need to get rid of that clock and think longer for yourself. Number two, stop worrying about maximizing growth and start thinking about income and wealth preservation. This is what it's going to be and this is what you're going to need from there. Number three, we also better start thinking about new purpose and opportunity expansion. During this time, you're going to be bored, you know, and you're going to start wasting your wisdom and your wealth if we don't have something else that lights you up and gets you up in the morning.