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Nicholas Colas – And Now The Bad News: Millennials Will Need To Withdraw $270K Per Year From Their Retirement Accounts

Which profile fits a money manager’s ideal customer – a “Mass affluent” 50-year old or a dead broke 20-something? The wealth management industry would do well to run the numbers, because it is the latter that will generate a larger fee stream over time. How can that be? The short answer is that millennials will live longer, require far more in retirement …