A few years ago, a trio of Citibank analysts created quite a stir when they published two memos suggesting that the American economy had become a “plutonomy” – one that is highly and disproportionately controlled by the extremely wealthy. According to these analysts, the market is made up of only two segments – the very wealthy and everyone else. When looking ahead to the millions of baby boomers who will be retiring in the next 15 years, it’s not hard to envision the idea of retirement turning into a “plutirement,” with two very different retirement realities facing your clients.
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