The secret to a smart retirement strategy

In much of what we do and think, the

a

concept of averages is so deeply embedded that we barely notice it is there. We look at averages in sports, medicine, financial markets, economic forecasting and political polling. But averages can be misleading—and in ways that are not always well-understood.

Look at the exhibit below. From two very different individuals, 24-year-old Mary and 60-year-old Phil, an average can be deduced— a 42-year-old we’ll call Average Joe. And yet there is not the slightest resemblance to either Mary or Phil.

http://www.barrons.com/articles/the-secret-to-a-smart-retirement-strategy-1507003678?link=TD_mansionglobal_articles.a2aa4e199540b4fe&utm_source=mansionglobal_articles.a2aa4e199540b4fe&utm_campaign=circular&utm_medium=BARRONS