13. Asset Management and Robo-Advisors

Excerpt

Thanks to medical advances, Japan’s average life expectancy has continued to increase, giving rise to the mantra “era of 100-year lifespans.” This has prompted discussions on increasing the retirement age, but the reality is that people cannot continue to work until the day they die. Our intellects and physical strength have their limits, and we are all forced into a life of retirement on a pension at some point or the other. Meanwhile, thanks to declining birth rates, the working population, which contributes to pension funds, continues to shrink. Under such circumstances, it becomes necessary to get an early start on making one’s own financial arrangements for retirement in order to feel confident about the future. …