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Hey, I want you to solve this question based on my lecture notes please. Here is the question: 1-Despite increases in longevity, there is a trend towards earlier retirement than that which has...

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Hey, I want you to solve this question based on my lecture notes please.

Here is the question:

1-Despite increases in longevity, there is a trend towards earlier retirement than that which has traditionally occurred. Given the adverse financial consequences for government that this is likely to produce, what changes has the government made in recent times in order to encourage people to continue accumulating retirement savings, particularly from continuing to work, for periods longer than otherwise?

I have attached you the lecture notes. And I want the work to be done within the next 12 hours

Thanks

Answered Same Day Dec 20, 2021

Solution

David answered on Dec 20 2021
119 Votes
Title: Financial Planning Assignment
Name:
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Introduction
Longevity denotes a situation whereby people’s lifespan is increased and they live longer. Ordinarily, this situation is supposed to keep people working for long past their retirement age. However, this is not the case. The number of people going into early retirement is so many as compared to those that traditionally retired when life expectancy was low. Early retirement is most likely to impact negatively on the government.
Effects of Early retirement to the government
There are a number of effects that are passed down to the government especially when a big proportion...
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