First, heat will decrease the lifespan of computer components. It's not a matter of decades, but of years. Proven fact, especially if the user is taxing their components to the limit every single day.
My old 2008 MacBook Pro was replaced in early 2011 by the Mac in my signature. I'm a heavy gamer (at least an hour a day, tenfold that during the summer), so I'm taxing everything a video editor would be (CPU, GPU, RAM, and HDD/SSD). I can tell you that my Mac (not Retina) gets extremely hot while gaming. An ordinary laptop cooler will not do much, but the one I bought (Cooler Master Infinite Evo) makes a huge difference. It blows air onto the CPU and GPU of the computer, and can result in a 7C difference.
The computer will run games at 60FPS for the first 5-10 minutes, then it throttles down. Running Windows software like ThrottleStop results in temperatures of 110C, which is absolutely ridiculous.
I suggest running your video editing machine on a cooling pad with an open back (check out the one I have) and in a cool room. The A/C actually makes the biggest difference in the temperature - more than 10C.
Finally, the
thermal paste. Despite what posters say about Apple picking the best paste for their machines, this is definitely false. In all of my PC building experience, I know that you are supposed to apply a very thin veneer of paste over the CPU die. I use Arctic Cooling MX-4, while my friends prefer Arctic Silver Formulae 5. Anyway, the stuff that Apple uses is like Larry King shavings, and is dolloped on in massive globs that actually insulate the CPU/GPU, not assist in heat dissipation. This is probably one of the best things you can do for your Mac, as 99% of Apple computers come with terrible paste application. Check out the Retina teardown guide
here. The Retina Mac is much easier to re-paste than the normal Mac, as the heat sink is directly accessible. My Mac requires a full logic board teardown, which takes an hour to do properly.
Good luck!