An Interview with Wharton Professor David Babbel - Part One
This is the first part of an interview with Wharton Professor David Babbel.
Professor Babbel led the...
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Financial Media
Is it Time for a Paradigm Shift to Life-Cycle Investing?
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Increasing Longevity and Decreasing Assets Make 80 the New 65
The financial crisis has had an enormous impact on the financial plans of millions of people around the world. The savings of millions of retirees and near retirees have taken a huge hit at the worst possible time. This message has become fairly ubiquitous in the financial media. However, the message that has not been as clear involves longevity risk . The reality is that average lifespans are headed in the opposite direction from the levels of saving required to fund those golden years...
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