Financial Blog

Longevity may alter financial planning

Category: Financial Planning
Published: Thursday, 09 June 2016 06:36
Written by Super User
Hits: 280

Longevity is a hot topic among financial services firms. Based on the fact that people are living about 30 years longer on average than they did a century ago, several major companies have teamed up with leading research institutions to figure out what these added years may mean for financial planning.A few months ago, I reported on the latest installment of a multi-year study by Bank of America Merrill Lynch and Age Wave on the impact of longer lives on various aspects of retirement living including health, home, family, giving, leisure, work and finances. In my article, Longevity can