The Devil Is in the Details

Stein, Michael K.
March 2000
Journal of Financial Planning;Mar2000, Vol. 13 Issue 3, p32
Academic Journal
This article focuses on the evolution of modern retirement planning in the U.S. It is noted that the success or failure of many retirements is determined by details that may not always get the attention they deserve in the planning process. In the first decades of the 20th century, the rate of change in the longevity of older Americans (65+) was changing at just .01 percent a year. That rate of change has accelerated consistently throughout the century, and in the most recent decades, is approaching one percent a year, a tenfold increase. The government has been slow to reflect the changes because of the obvious complications that they add to the Social Security and Medicare debates.


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