Then vs. Now - Role Play concept > 1930 vs. 2020 > Start working (age 18 vs. age 23) > Retire (age 68 vs. age 60) > Years worked (50 vs. 37) > Die (78 vs. 88) > Years retired (10 vs. 28) We used to work 50 years to fund a 10 year retirement. Now we work 37 years to fund a 28 year retirement. How do we handle this? Start earlier! Role Play - turn this concept into a Client Discussion
Then vs. Now - Role Play concept > 1930 vs. 2020 > Start working (age 18 vs. age 23) > Retire (age 68 vs. age 60) > Years worked (50 vs. 37) > Die (78 vs. 88) > Years retired (10 vs. 28) We used to work 50 years to fund a 10 year retirement. Now we work 37 years to fund a 28 year retirement. How do we handle this? Start earlier! Role Play - turn this concept into a Client Discussion
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Then vs. Now - Role Play concept
1930 vs. 2020
> Start working (age 18 vs. age 23)
> Retire (age 68 vs. age 60)
> Years worked (50 vs. 37)
• Die (78 vs. 88)
Years retired (10 vs. 28)
We used to work 50 years to fund a 10 year retirement.
Now we work 37 years to fund a 28 year retirement.
How do we handle this? Start earlier!
Role Play - turn this concept into a Client Discussion
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