A friend of mine is reaching the age where he’s starting to plan for retirement, so he’s doing everything he can to secure a comfortable future. He maximized his 401(k) contributions. He purchased long-term-care insurance. He bought an annuity. He’s doing all the things you’re supposed to do to guarantee security. From a financial planner’s perspective he’s doing all the right things, and yet I’m not sure he’s doing them for the right reason.
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