Life After Full-time Work Blog

Learn about preparing for life after full-time work through posts from Don's upcoming book.

#166 Health In Later Life

It’s not just longevity, it’s the years of good health that are important


A recent post, anticipating a 100-year life, reminded me that it isn’t only lifespan that’s important for the enjoyment of life: healthspan (meaning our years of good health) is just as important. Adding more years of life achieves little if those years are unhealthy. So I’ve assembled some thoughts on healthspan. Far too many, it turns out, for a single blog post. So I’m going to divide it up into three posts, of which this is the first.

This one is on the fact that many people naturally interpret lifespan as the healthy years – in a sense, this is the setup for the following two posts. The second one will be about aging with dignity: the notion that medical procedures have length of life as their goal rather than enhancing our psychological well-being. And the third will be about the fact that, while lifespan is easily measured (at a given moment we’re either alive or we’re not), healthspan is much more difficult – indeed arbitrary, in a sense – because our degree of health is not precisely defined.


OK, on to the first one. And I’ll present it as an interview. Before writing my Life Two book I conducted a number of interviews, and assured those with whom I spoke that I would assemble their thoughts with the thoughts of others as being those of fictional composite characters, the purpose being to ensure that nobody would be able to identify them from what the fictional composites said.

So here’s a portion of the resulting interview, with an interviewer and three composite panelists. The Interviewer starts by asking Panelist One what the phrase “your future life expectancy” brings to mind.

Panelist One: That’s how long I’ll live. And you know, that keeps me awake at night!

Interviewer: Why is that? 

Panelist One: I’m sitting in a genetic pool with great activity. My great-grandmother went to 112, and at 99 was cross-country skiing to get around. So I’m going to have to cope with probably a very long life. I’m amazed at people who say: plan as if you’ll live to age 90. That’s not nearly long enough for me! I notice long-lived people all around me. A family friend, still living in her own home, is 107.  I’m very, very cautious about this – and afraid.

Interviewer: Why afraid? Is a really long life not something you want?

Panelist One: Of course, it’s what we all want – until we think about it. But it has a couple of bad aspects, potentially. What if my body outlives my mind? That scares me. And then there’s the financial consequences. What if things become much more expensive? You know, all in all these thoughts make an annuity almost an automatic decision for me.

Interviewer: Gosh, you’ve thought about this very deeply! Let me turn to Panelist Two next. How about you? Same sort of family history, or different?

Panelist Two: Same sort, kind of. Not as extreme – yet. My parents are 84 and 74. I’m a health and fitness person, so I ought to have a long life. The first ice storm of winter makes me think about how I’ll have to walk on ice at 85 – that’s when I think about longevity. My friends joke and say: no need to worry, you’ll be in a home! I compare the amount of stress across the generations.

Interviewer: Meaning what, exactly?

Panelist Two: Do I have more stress than my parents? Certainly I have a different kind of stress – things are physically laborious for my parents, and for me it’s mental stress, whereas they’ve stayed mentally innocent. So if I end up with physical stress too, that’s bad.

Life expectancy to me is not so much about length of life as about quality of life. It’s only a healthy lifespan I’m interested in. This year my husband and I visited friends in Iceland, which is surely unusual – but we did it because one day it’ll be too late.

Expectancy is full living, enjoying things while we’re healthy, not just extending life regardless of its quality.

Interviewer: And Panelist Three, how about you? What are your thoughts on the subject?

Panelist Three: Life expectancy to me implies life balance. How many years will I live? My parents went at 77 and 84. My mom had dementia. My older brother died at 70, of a rare form of dementia. My older sister is developing dementia at 76. Fortunately, no sign in my other siblings. But I don’t want to plan beyond 80. It’s not likely to be a healthy life. I don’t want to be in a retirement home. It’s only a healthy lifespan I’m interested in. Quality of life is all-important – without it life is nothing.

Interviewer: I’m not sure what I expected. But my takeaways are these (and yours may be different). First, while the numbers are important, it’s the quality of life that really counts. Second, the numbers could be big ones – and the longer we live, the tougher things get, potentially, both financially and psychologically.

The question of our future health is a scary one, and there are few population statistics that tell us much about that issue if we’re currently healthy, as we’ll see later.



People naturally interpret lifespan as the healthy years.

1 Comment

I have written about retirement planning before and some of that material also relates to topics or issues that are being discussed here. Where relevant I draw on material from three sources: The Retirement Plan Solution (co-authored with Bob Collie and Matt Smith, published by John Wiley & Sons, Inc., 2009), my foreword to Someday Rich (by Timothy Noonan and Matt Smith, also published by Wiley, 2012), and my occasional column The Art of Investment in the FT Money supplement of The Financial Times, published in the UK. I am grateful to the other authors and to The Financial Times for permission to use the material here.

One Response to “#166 Health In Later Life”

  1. Dave says:

    This highlights why financial management in retirement is so difficult. Accumulation is easy in comparison as you have a set date to aim for. No wonder many retires underspend when the future is so hard to plan for – especially in turbulent times as now. Throw in health and longevity to make it even more complex!

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