The Challenge of the Longer Lifespan
InvestmentNewsSeptember 01, 2017
According to the sobering statistics of a recent World Economic Forum report, "We'll Live to 100 – How Can We Afford It?", the world – especially the United States – will face a steadily intensifying financial crisis as more of the global population falls short of meeting its retirement income needs. The primary culprits: rising life expectancies and chronically low (and generally declining) savings rates. Given these troubling forecasts, the WEF calls for immediate action in the form of major governmental policy changes to stave off poverty in old age.
Financial advisers are on the front lines of dealing with the crisis at an individual level. Blaine Aikin, executive chairman at Fi360, offers financial advisors six steps they can take that will help their clients achieve their lifelong income objectives.
