The lifetime challenge of funding your own retirement

It is changes in society and government policy rather than economics or financial asset performance that make lifetime financial planning different for today’s generation of young people. For those with expectations of near-average lifetime earnings, the challenges are not necessarily so different. But for young people with higher expectations, the changes are pretty dramatic. Almost regardless of how entrepreneurial are their expected income sources, they are likely to have to plan their earnings and retirement income as if they were running a business.