Feb 2015
Investment strategies that may have been appropriate for short retirement life spans have become ridiculous in today’s environment. Nowadays, most 65-year-old investors need to prepare for multi-decade retirements, which means (given inflation) they need to focus not only on their income, but also on the growth of their income. By the way, these life expectancies are based on representative samples of people in the U.S., including some with limited access to health care, risky lifestyles and other real-world problems. If you have better access to health care, a healthier lifestyle, etc., you might want to regard these projections as conservative.