Wealth at 100: How Living Longer is Changing the Dynamics for Prosperous Families

Today, a quarter of 65-year-olds will live past age 90, and one in 10 will live past age 95. Living longer has considerable benefits for individuals and their families, but living longer is also creating new challenges. Traditionally, managing wealth in preparation for the later stages of life is centered on estate planning and tax efficiency. As people live longer, this narrow focus is inadequate. That’s why effectively charting a course for life after retirement means looking closely at and planning across four specific areas of impact: health care, legal management, family, and financial management.