How the 100-year life is reshaping financial planning

As life expectancy continues to rise, financial advisers need to rethink their strategies, moving from a traditional focus on accumulation to a more nuanced approach to decumulation. Historically, advisers planned for clients to live until 85, but now, with the potential for clients to live to 100, that extra 15 years introduces new complexities that demand our attention. As financial advisers, we are typically well-versed in the ascent phase of wealth management, the stage where clients save their money and have time on their side. In this phase, the focus is on accumulation: maximis...