: "Investment Coach
Boom, bang, bust?
Tuesday, October 12, 2004 11:25 AM EDT
The baby boomer population bulge represents a demographic 'pig in the Python.' As boomers move through the cycles of life, the impact on culture, marketing, product development and economics has been pronounced.
In 1995, the first of the boomers turned age 50. How many of you will turn age 100 starting in 2045? One must consider longevity in planning for the future. Financial planners can help to define the assumptions that you wish to make about survival income, 'what if?' money, fun money, gift money and dream money. Inflation forecasts, rate of return assumptions on financial and real assets, unknown tax and other liabilities are variable mathematical inputs. But 'psychographic factors,' your hopes, dreams, goals, fears and concerns must be identified for a holistic plan to emerge. "
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