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7/27/2006: Podcast Transcript: Longer Lives & the 'Lump-Sum Illusion' Are Challenges Retiring Baby-Boomers Face (The Wharton School of The University of Pennsylvania)
Excerpt: [T]he rising tide of boomers in the U.S.... needs to meet challenges that previous generations never faced, including changes to key retirement institutions, ... medical-care cost inflation and the 'lump-sum illusion' -- the tendency to view retirement savings as a lump sum, as opposed to a prospective income stream. Knowledge@Wharton spoke with [Olivia] Mitchell and [Christopher] Condron about how the financial services industry is working to meet the needs of [boomers].
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