Traditional Retirement Fades
In 5 Years: Rising Net Worth and Investing in Longevity
Over the next five years, Lawrence R. Samuel, author of Aging in America, expects to see boomers’ net worth continuing to grow “as they cash out of their careers and inherit parents’ assets.” (Some who’ll be in their early 50s are Gen X’ers.) During this time period, Samuel adds, people over 50 will increasingly consider alternative options for their third act of life, grounded in what Next Avenue blogger Chris Farrell calls “unretirement.”
Samuel notes that in 10 years, the emphasis in financial planning for people over 50 will shift from “wealth accumulation to wealth preservation.”
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