copyright1997reloaded
Thinks s/he gets paid by the post
A couple of weeks ago on a college visit trip I listened to a recent Ray Kurzweil Ted Talk Interview: https://www.ted.com/talks/the_ted_interview_ray_kurzweil_on_what_the_future_holds_next/transcript?language=en
In it, he predicts exponential advances in a variety of areas due to the continued advancement in Information Technology.
One of the things that caught my ear was the discussion in terms of human lifespan and augmented mental capacities:
Whether this will play out or not is obviously subject to debate. But, I have lived out my career in IT leveraging the premise he starts the talk with, that being that we haven't hit a technological wall and that each crank of the technology wheel makes a whole new set of applications and uses possible.
The reason for my post here is to explore what that means for FIRE and other aspects of financial planning. For instance, if we (or more likely our children) are about to see much longer lifespans (on average) it has vast ramifications on saving for retirement, or even what retirement means.
It also tells me that SPIA's might be vastly under-priced and that I should be looking for this for children!
Thoughts?
In it, he predicts exponential advances in a variety of areas due to the continued advancement in Information Technology.
One of the things that caught my ear was the discussion in terms of human lifespan and augmented mental capacities:
Bridge two will have much more powerful ways of reprogramming the information processes of life. And it is an information process. Bridge three, the quintessential application will be medical nanorobots, it's an application of nanotechnology, which will go inside our body, extend the immune system. The immune system evolved when it was not in the interest of us to live very long. And basically, there are scenarios to wipe out every disease and aging process with these medical nanorobots. I used to call it the killer app of nanotechnology, but that was not a good name for a health technology.
Whether this will play out or not is obviously subject to debate. But, I have lived out my career in IT leveraging the premise he starts the talk with, that being that we haven't hit a technological wall and that each crank of the technology wheel makes a whole new set of applications and uses possible.
The reason for my post here is to explore what that means for FIRE and other aspects of financial planning. For instance, if we (or more likely our children) are about to see much longer lifespans (on average) it has vast ramifications on saving for retirement, or even what retirement means.
It also tells me that SPIA's might be vastly under-priced and that I should be looking for this for children!
Thoughts?