The International Herald Tribune provides A New Year's List of Financial Advice From Retirement to Real Estate, Wine to Weddings :
Some people assess progress toward their financial goals at the end of the calendar year; for others, tax time is the moment of reckoning. But since the new year is traditionally a time for resolutions, Your Money's correspondents recently asked their best sources for the one piece of personal finance advice they would give a client, a family member or a friend for 2005.
Redo the math. Life no longer ends at 65. Life expectancy at age 60 in the developed world averages 18 years for men and 23 years for women, according to the United Nations Population Division. By 2050, the UN predicts men in the developed world will live, on average, 22.3 years after their 60th birthday and women 27.2 years. It's like having a second adolescence, only without parents to buy you stuff. And therein lies the problem.
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