One of the values embedded in many Indigenous cultures worldwide is something known as Seven Generation Thinking. This philosophy invites individuals to consider the impact of today’s decisions far into the future—potentially offering a complementary perspective to traditional retirement planning models.

As individuals navigate retirement planning in a changing economic environment, exploring long-term planning models like Seven Generation Thinking may offer additional perspective.

Incorporating Indigenous planning principles into retirement planning could provide a more holistic and sustainable approach. Introducing these three tenets into ‘retirement thinking’ may provide a broader, long-term perspective to complement existing retirement planning strategies.

• Long-term sustainability: By thinking seven generations ahead, individuals can create a retirement plan that benefits their descendants and themselves. It drives a more sustainable financial strategy focused on long-term growth rather than immediate gains.
• Risk management: Seven Generation Thinking considers various future scenarios, which encourage more comprehensive risk management. It prompts individuals to consider different outcomes, and encourages individuals to consider various scenarios, which may help inform a more comprehensive approach to risk.
• Community mindset: This principle encourages thinking beyond personal needs, fostering a community mindset. In retirement planning, this could translate into considering how personal wealth could also support others – for instance, through philanthropy or investments in community development and local businesses.

Four steps to incorporate seven-generation thinking

#1- Holistic planning

View planning for retirement as part of a broader, long-term strategy. Consider the possible implications of your investments on society and the environment, not just in personal financial gain.

#2- Diversification

Diversify investments to help mitigate risks and increase opportunities for long-term growth.

#3- Future-oriented decisions

Make decisions with the future in mind. For example, some investors may choose to align part of their portfolio with long-term sustainability goals through options such as estate planning or socially responsible investing, where appropriate

#4- Community investment

Consider how your financial decisions can benefit your community, which could involve supporting local businesses or investing in community projects.

These ideas may serve as a useful framework for individuals and their financial professionals to explore strategies that align with long-term and intergenerational values.

SWG4708884-0825b This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives. The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed.

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