Retirement planning today has taken on many new dimensions that never had to be considered by earlier generations.
For one, people are living longer.
A person who turns 65 today could be expected to live as many as 20 years in retirement as compared to a retiree in 1950 who lived, on average, an additional 15 years.
Longer life spans have created a number of new issues that need to be taken into consideration when planning for retirement.
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