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Why Financial Advisers Should Factor Tech Advances in Retirement Planning
The Wall Street Journal; subscription may be required
Jan. 20, 2015
"In the next stage of our [65-year-old] client's life, from 80 to 85, robots will be able to help him with the activities of daily living, for about 15% less than the current cost of a home-health service. By the time this client is 85, robots will not only be cheaper but more capable, and the savings will continue to increase. These future savings, and clients' increasing life expectancy, need to be factored into plans we're making today. Planners may want to set aside money for emerging technologies, and make calculations based on longer life expectancies."
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