With Respect to the Reaper

Wagner, Richard B.
June 1998
Journal of Financial Planning;Jun98, Vol. 11 Issue 3, p40
Academic Journal
This article discusses the relationship between death and financial planning. The world has some huge death-grounded issues. The most important is the fact of life span as a major demographic. Our current macro expansions of anticipatable expectancies and evolving life preservation technologies have enormous implications. Not only are we in a phase significant life extensions for healthy folks, but we are keeping severely damaged bodies alive for periods of time that were simply unimaginable not long ago. We must recognize that this is news of mixed blessings. We may delight in miracle recoveries but resent their logical consequences whereby these survivors require continual, substantial support. These simple facts have enormous implications for both society and our profession. going back to our clients, for them, death clearly has immense repercussions. By definition, financial planning demands contemplation of death. It is inconceivable for us not to share the though processes of our clients regarding it. On the other side of the ledger, people do incredibly stupid things during the dying and grieving processes. Death is a part of life, but it is most especially part and parcel of ours as financial planning professionals. Death is neither technical nor terrifying. It just is, as is life.


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