BMO Family Office
People are living longer than ever before. However, while advances in medicine, health, nutrition and fitness have extended the lifespan of Americans, the number of years they spend in retirement has not changed much over the last generation because they are also working longer.
Living longer does not necessarily mean that Americans will be unable to afford to retire. However, it does mean that thoughtful and effective financial decisions have to be made around retirement, estate planning goals, savings strategies and tax planning in order to have the long and fulfilling retirement that most Americans want.
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