Reported 2 days ago
A study by MIT AgeLab reveals that traditional financial planning fails to address the challenges posed by increasing longevity among Americans. With average life expectancy rising significantly, the researchers recommend shifting focus from the conventional three-part structure of education, work, and retirement to a three-phase model that prioritizes well-being, work, and finances. This change in perspective is crucial as retirement periods lengthen, necessitating a broader understanding of financial needs and personal goals throughout adulthood.
Source: YAHOO