Retirement planning has always been a challenging task, but it is even more so today.The coming generations of retirees face a complicated planning process, because funds need to last far longer than in the past. Medical advances and healthier lifestyles are giving retirees extra decades to enjoy life, but without employment income. Therefore, planning needs to begin much earlier to help ensure a secure and rewarding retirement for our clients.
Historically, "retirement" has been the very short period of time between the end of work and death. As early as the 1920s, some pioneering companies and states began providing retirement plans for employees and residents. The concept remained the exception, however, until 1935, when President Franklin Roosevelt signed the Social Security Act, making retirement possible for those who were over age 65.
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