The Financial Implications of Longevity
IRGINIA RASKIN IS a star real estate agent in Sacramento, California, selling million-dollar homes, taking calls from clients at all hours, and processing piles of paperwork. She is what many would call a “go-getter,” and in 2008 the local newspaper lauded her for “racking up sales in a down market.” You might expect a person with such high energy to be middle-aged or younger, but the surprising facts about Raskin are that she’s over ninety years old and this is her second career, following a career in nursing.1
Such stories make the news because most of us hope, either secretly or otherwise, that we will also be full of energy in our older years. Fortunately, because of advances in science ...