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Nick Arvanitidis
Semi Retired
Nick Arvanitidis is a widely accomplished professional with a background in engineering and business management. He holds a Doctor of Philosophy degree, indicating a high level of academic achievement in his field. Currently, Nick is semi-retired and based in Menlo Park, California.1
Nick is well-connected in the professional world, with over 500 connections on LinkedIn.1 He remains active on social media platforms, particularly LinkedIn, where he shares his thoughts and experiences. For instance, he has been posting summaries, impressions, and opinions about books he has been reading on Facebook for several years, and in April 2023, he mentioned transitioning to using ChatGPT for this purpose.2
Beyond his professional accomplishments, Nick Arvanitidis is known for his philanthropic efforts and community involvement:
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He and his wife, Athena Arvanitidis, are recognized for their continuous support of their community and dedication to promoting Hellenism.3
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Nick made a significant contribution to education by establishing the Fr. Francis Wood, S.J Innovation Lab Makerspace in 2016, demonstrating his commitment to fostering innovation and learning.4
Nick Arvanitidis appears to be well-respected in his professional and personal circles, with connections to both the business world and the Greek-American community. His LinkedIn profile (username: nick-arvanitidis-332b541) serves as a platform for him to maintain these connections and share his ongoing interests and activities despite being semi-retired.12
Highlights
Is Inequality to be Getting Better or Worse?
WORSE if the numbers of Wealth Transfer Between Generations are anywhere near to what T.J. Smith say they are in his NYTimes article below. There are 73 million baby boomers between 60 and 80, the post World War II generation that created this enormous leap in wealth and prosperity, and they are beginning to die in larger numbers along with other Americans older than 80. Collectively they will be leaving behind hundreds of thousands, or millions, or billions or even trillions: of the $84 trillion projected to be passed down through 2045, $16 trillion will be transferred over the next decade. Heirs increasingly don't need to wait for parents' deaths as a result of the new and increasingly popular "giving while living" popularity. High-net-worth and ultra high-net-worth families - those with at least $5 and $20 million of cashable assets make up only 1.5% of all households but constitute 42% or $36 trillion of the expected transfers through 2045, in a society where the TOP 1% holds as much as the BOTTOM 90%. Of course things are getting better for Black, Asian, Hispanic, and Latin minorities but a very long way to go - only one million of U.S. high-net-worth investors are members of these minorities. These demographics draw INEQUALITY further into the focus of public policy debates because free-market mentality is pulling us further apart, thus, worsening and not improving inequality. There has been a strong cry out there from the progressive part of our society for a minimum 25% annual WEALTH tax on households with a net worth of $100 million or more.
Do I think this is doable in a society as divided as ours? No, I don't, at least not anytime soon! Sadly so,I see a widening gap as inevitable!
LONGEVITY - Is it really here?
The article below provides some very convincing demographics that say yes, and it's getting longer and longer: Life expectancy in US at 86 in 2060,up from 80 in 2017 and late 60s where it was when I retired 28 years ago; ½ of Baby Boomers say they will retire after 70, at year 2035 people 65+ will outnumber people under 18 in the US, 20% of Gen Zers expect to live to 100, 23% of the US workforce is over 55, up from 14% in 2001, 3.8 m Americans over 75 are expected to be working in 2031, twice the number today, and on, and on!
These detailed demographics tell me that maybe I retired too early? I retired at 55 in 1995 following approval by the FDA of our treatment for advanced Ovarian cancer - securing the family's financial viability. Fortunately, I managed our wealth good enough to the point that our family doesn't need to worry about our finances and, also, I was fortunate to have the desire and curiosity that helped me not having a boring day in my 28-year retirement!
It should be clear, however, that when I decided to "hang it up", retirement age was 62-65, in line with Social Security guidelines and no further "Healthspan" and "lifespan" debates about life expectancies - life expectancy was in the late sixties and today 80s and going up by the minute - for all of you maybe in the nineties.
Books like OUTLIVE, the Science of Longevity, by Peter Attia, or FANTASTIC VOYAGE, Live Long Enough to Live Forever, by the "SINGULARITY" guy Kurzweil, keep the theme going and more and more popular and relevant.
People may have to rethink their work/retirement strategies - the young as well as the old!
“We Have 30 Extra Years”: A New Way of Thinking About Aging | Stanford Graduate School of Business https://lnkd.in/guYw8kCJ
