I've been thinking about financial planning lately (what an exciting person I am!) and it occurs to me that the current financial planning industry might not be prepared for my future situation.

Taking into consideration my retirement date as per my pension plan and the longetivity of my ancestors, it is not unreasonable to assume that my retirement will be 50 years long. I have a pension that, initially, will be able to provide quite a comfortable annual income, but this is not adjusted for inflation. If inflation over the next 50 years works out like inflation over the last 50 years (a broad assumption, but I don't know how to predict economic trends), on the day I die my pension will be providing me with the equivalent of $5,000 per year. Of course, I need to save up some money myself, and over 30 years of work it should be easy to save up a nest egg which, if prudently invested, will be able to return enough interest on which to live in a year, but again I doubt I can save up enough to stand up to 50 years of inflation. I won't be getting any inheritance because my parents will have a similarly long retirement so I must assume they will spend all their money, and even if I do end up with an inheritance I will be retired for at least 20 years before that comes to pass. This also means that I might be caring for elderly parents in my retirement. I realize that this is what OAS is for, to keep older people from sinking into poverty like this, but we can't assume that all our social safety nets will be able to survive the baby boomers.

I certainly hope the financial planner people figure out a workaround sometime within the next 30 years!