2 • RU BY, WILD ING & SWANSBURG All of that changed in the 1880s when Otto von Bismar c k, Chancellor of the Prussian Empire, proposed go ol dveesrtn mcei tni zt -efnusn. dGe de r mf iannayn cei avle nst uu aplpl yo r ta p pf orro v et dh e t hnea tpi ol ann’ s, ps er voevni dt yi n. g( Tf hi nea ni mc ipa al cats swi sat sann’ct evteor yc i tsiizgenni fsi cwa nh to: lMi voe sdt pcai tsitz ea ng es didn’t live that long.) ¹ Fast forward fifty years, and America created the Social SHeacdu rtiht ye sl oy ns tge mg a mw iet hf i na na l liyn i ct ioaml ree tt ior erme tei nr et ma ge en t o? f Hs ai xrtdyl-yf .i vIen. 1l i f9e3e5x, pwehc teann ct hy eo fS oa nc i aAlmSeerciucraint ywAacst awr oaus npda as sgeedf ,i ftthye- eai gvhetr.a g e By the 1970s, life expectancies in the U.S. creeped pwaistht sreevtiernetmy,enatn.d, suddenly, we had a long game problem fyi ev ae r-S s y i e n i a n c r e o r t e l h d t e i r w e 7 m o 0 m s e , n a i n t t . ’ sc oounl dl y egxoptet ec tn t wo ol irvsee .mI no r e2 0t 1h 9a n, at ws iexnt tyy- ² That represents nearly one quarter of her life. Now, savers needed a long game retirement. Preparing for a Long and Happy Retirement Dp roonb’ ta lbel ty t ha il sr et aa dl ky opf r“ el ot tnyg gg oa omde ar te tt ihr ienmk ienngt ”l ownogr-rt ye rymo uw; yhoeun’ riet comes to your future. After all, when did you start saving for retirement? Was it three years ago? Five years ago? 1 Sarah Laskow. The Atlantic. May 26 , 20 22 .“How Retirement Was Invented.” hwtatps-si:n/v/ewnwtewd./t3h8ea1t8la0n2t/ic.com/business/archive/2014/10/how-retirement- 2 SSA. May, 26, 2022 . “ Actuarial Life Table .” https://www.ssa.gov/oact/ STATS/table4c6.html
Made with FlippingBook interactive PDF creator