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Media Release: Entrepreneurs In $7 Trillion Longevity Market Learn Insights On Investors, Distribution And Marketing At What’s Next Longevity Business Summit

 

 

Entrepreneurs in $7 Trillion Longevity Market Learn Insights On

Investors, Distribution and Marketing at What’s Next Longevity Business Summit

Conference Keynoted by Expert in Aging, Ken Dychtwald;

Powerhouse Speakers from AARP, NIA, Ziegler Link·Age, Home Instead

 

ATLANTA, January 30, 2020 – The What’s Next Boomer Longevity Summit kicks off its 17th year as the premier curator of 300 thought leaders in aging – this year here in the ATL – to network and learn about the trends, innovations and opportunities addressing the consumerism and needs of adults age 50+.  The one-day conference will feature power-packed panels on the conference theme of “Mobility, Memory, Money and Marketing,” all focused on capitalizing on the $7.6 trillion longevity economy.

Executive produced by Mary Furlong & Associates (MFA), the What’s Next Boomer Business Summit is known for delivering an expert forecast for success in entrepreneurship. Attendees will learn from panelists such as investors Ziegler Link·Age, Nationwide Ventures and Portfolia on how to obtain funding; opportunities in deal-making with distribution partners such as Home Instead; customer insights and market research trends from top research agencies, innovative programs driving dementia care and brain health and more. This year’s keynote address, “The Next Wave: How Boomer Retirees Will Redefine Money, Consumerism, Family, Work, Housing, Mobility, Health and Success” will be delivered by one of the visionaries in aging, Ken Dychtwald, author and co-founder of AgeWave.

“I’m looking forward to sharing my latest ideas on which industries, products, and services will dominate the emerging longevity marketplace—many of which are hiding in plain sight,” said Dychtwald. “I’ll be covering everything from medical technologies on the horizon that have the potential to dramatically transform health and aging – to how aging Boomers’ time affluence will re-define the travel and leisure, housing, education, media, and financial services industries.”

In addition, author Maddy Dychtwald who is co-founder of AgeWave, will moderate an inspirational panel of business women discussing female economic influence and fiscal makeovers for 2020 and beyond.

Attendees learn trends and insights, but also valuable business coaching such as how to scale a business, leveraging senior housing and transportation deals, delivering for home as the new health hub, using emerging technology including VR, Voice First and AI to change consumer habits and enhance workforce development, understanding fintech and privacy issues, changes in  MedicareAdvantage reimbursement models, how to incorporate aging vitality and caregiver wellness into a business model, marketing success using content development and social media, designing with aging in mind and more.

What’s Next Longevity Business Summit Comes to the A to Focus on Longevity Economy Trends

“For 17 years we have been diving into markets in longevity and we see 2020 as an important milestone where women are at the epicenter of purchasing power globally as well as building innovative businesses to address an aging society,” said Mary Furlong, a successful entrepreneur and author in aging who has made the What’s Next conferences the must-attend events in the longevity economy. “Knowing what priorities investors have for funding, how to build distribution partner pipelines, building a business based on strong research and how to create and leverage innovations in marketing are the cornerstones of what our event delivers for attendees.”

What’s Next Longevity Business Summit is co-produced by Lori Bitter, founder of The Business of Aging, and Sherri Snelling, CEO of Caregiving Club and has been held concurrent with the American Society of Aging’s annual Aging in America conference for the last 17 years. This important partnership offers attendees both conferences: one a comprehensive look at aging, the other is the Summit’s select smaller learning and networking event of thought leaders in longevity. The Summit lead sponsors include: AARP Innovation Labs, Great Call, Ageless Innovation, CareLinx, VitalTech, Medterra CBD, Business of Aging, Susan Davis International, Caregiving Club, iN2L, Hamilton CapTel, Home Instead, myFamilyChannel, SilverRide, Outpatient, Noboscu Technology, Nationwide, Portfolia, Embodied Labs, Caremerge, Stay Smart Care and Thrive. See the event agenda and full list of speakers and sponsors at: boomersummit.com

Media Contact:

Phyllis Weiss – Weiss Communications, Inc.

weiss@weiss-communications.com

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About Mary Furlong/Mary Furlong & Associates

Founded in 2003, Mary Furlong & Associates (MFA) is a strategy, business development and marketing company. A serial  entrepreneur, Mary founded SeniorNet.org, and ThirdAge Media (acquired by Ancestry.com), prior to MFA. For 17 years, Mary has produced the industry leading What’s Next Longevity Business Summit and Silicon Valley Boomer Venture Summit, adding the Washington Innovation Summit and What’s Next Canada in recent years. Author of Turning Silver into Gold, How to Profit in the Boomer Market and The MFA Longevity Market Report, Mary has been recognized by ASA, Fortune, Time and as one of the top 100 Women in Silicon Valley. She is an adviser to the Ziegler LinkAge Fund, CABHI and numerous start-up companies in addition to her private client practice.

About Lori Bitter/The Business of Aging

Lori K. Bitter provides strategic consulting, research and development for companies seeking to engage with mature consumers at her consultancy The Business of Aging. Her current research, Hacking Life Shifts, in collaboration with RTI research and Collaborate, was championed by AARP, and funded by Proctor & Gamble, Bank of America, Unilever and others. She is a 2017 Influencer in Aging, named by Next Avenue and author of The Grandparent Economy. She was president of J. Walter Thompson’s Boomer division, JWT BOOM, the nation’s leading mature market advertising and marketing company and led that firm’s annual Boomer marketing event for five years.

About Sherri Snelling/Caregiving Club

Sherri Snelling is a corporate gerontologist and founder/CEO of Caregiving Club, a strategic consulting and content creation firm focused on biopsychosocial aging, Alzheimer’s and caregiver wellness. Her innovative wellness programs include the Me Time MondayTM and 7 Ways to Caregiver Wellness workshops. She is the author of A Cast of Caregivers – Celebrity Stories to Help You Prepare to Care, a contributing columnist and national speaker on caregiving and has done work for AARP, Keck Medicine of USC, UnitedHealthcare, Wells Fargo, Goldman Sachs, LifeCare, QVC. She was chairman of the National Alliance for Caregiving and is on an Alzheimer’s Association board.

What is Retirement in the 21st Century – Does It Include Work?

By Gregg M. Lunceford, Doctoral Student – Case Western Reserve University

In 2011 America’s Baby Boomer’s began turning age 65 a rate of approximately 10,000 people per day[i]. Historically age 65 has been the milestone at which many people retire. Dictionary.com defines retirement as “the act of leaving one’s job, career, or occupation permanently, usually because of age”. This classic definition was more appropriate when retirement systems were created in the early 20th century to provide income for aging employees with diminishing work skills. When the Social Security Act of 1935 was drafted the average life expectancy for men and women were ages 58 and 62 respectively[ii]. By 2013 the average life expectancy for men and women in the U.S. increased to ages 76 and 81 respectively[iii].

Our increased longevity and improved health now allows for a wider range of lifestyle options therefore retirement is taking on new meaning. For many, retirement has become a career transition that includes work on different terms in the same profession, or the beginning of a new career[iv]. Work with flexible structures has led to “win-win” situation for retiring workers and employers as they recognized several benefits from working beyond retirement age. First, many individuals benefit from the socialization and feelings of accomplishment that come from work. Forty percent of individuals who completely retire from the workplace suffer from clinical depression and 6 out of 10 report a decline in health[v]. For many, work provides an outlet to continue to thrive and improve their well-being. Second, working in retirement allows many employers to maintain valuable knowledge individuals have developed over 30-40 year careers. Such individuals are often valuable mentors and can assist with succession planning and the training of younger employees in the workforce. Finally, Baby Boomers represent the largest cohort in the workplace. The complete exit of all them from the workforce at age 65 has the potential to create a human resource gap and limit overall productivity. The retention of Baby Boomers may help many organizations improve their productivity and become more competitive.

Given the overall benefits, it is important that society better understand what factors may predict an individual’s intent to work in retirement. In 2015, a study was conducted on retirement work intention[vi]. In the study 227 working individuals, of which 93% were age 50 or older, were surveyed to see what factors contributed to their decision to work in retirement. Our research showed that a person’s confidence in their ability, willingness to be adaptable and belief that they will have meaningful opportunities for work in retirement were all predictors of their intent to work in retirement.

Retirement has evolved and no longer means the complete exit from the workforce. Work with flexible options is becoming a rewarding lifestyle option for many retirees. Careful reflection on what activities will provide happiness and fulfilment should be considered in the retirement planning process and may lead to greater success in retirement.

[i] Synder, M. 2010, December 30. In 2011 The baby boomers start to turn 65: 16 statistics about the coming retirement crisis that will drop your jaw. End of The American Dream [online].

[ii] http://www.demog.berkeley.edu/~andrew/1918/figure2.html

[iii] http://www.cdc.gov/nchs/data/hus/hus14.pdf#016

[iv] Kim, J. E., & Moen, P. 2001, June 3. Is retirement good or bad for subjective well being. Current Directions in Psychologicial Science, 10: 83–86.

[v] Sahlgren, G. H. 2013. Work longer, live healthier: The relationship between economic activity, health and government policy. Institute of Economic Affairs: Discussion Paper #46

[vi] Lunceford, G. M. (2016, January). Retirement Values: What Factors Influence the Decision to Work in Retirement. Unpublished Doctoral Study at Case Western Reserve University . Cleveland, OH.

Unexpectedkindness is themost powerful,least costly, andmost underratedagent of humanchange

Gregg Lunceford, CFP® is a 24 year veteran in the financial services industry. Mr. Lunceford specializes in wealth management and works with clients on financial, estate and retirement planning issues. He currently, is a doctoral student at Case Western Reserve University in Cleveland, OH, and is studying how individuals make career transitions to retirement. Mr. Lunceford holds a MBA from Washington University in St. Louis, and a BBA from Loyola University of Chicago.

Email: gml56@case.edu