Wealthy millennials don’t see retirement as end of work
April 13, 2015 by Danielle Andrus
If high-net-worth Americans plan to retire at an average age of 56 and more than half plan to keep working in retirement, as a recent study by BMO Private Bank found, what exactly does retirement mean to today’s affluent clients?
Jack Ablin, executive vice president and chief investment officer for BMO, said the influence of millennials can’t be ignored.
“I would say the [average retirement] age was skewed a little low because I think young people, most notably the millennials, redefine how they view work in retirement,” he told our sister site, ThinkAdvisor. Click HERE to read…