However, 2021 is a wee bit beyond the planning horizon of most policymakers and industry executives.
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This is why the maximum, not the expected age of life is the only appropriate planning horizon.
Generally when we develop the work we do it on a long planning horizon where were thinking about our communications over a 12-18 month period.
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Once folks get the notion that half of people will outlive the average life expectancy of their age group they could die before 80 or after 80 they need to revisit their financial planning time horizon.
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Inasmuch as these two modifications would eliminate the remaining Medicare shortfall without reducing benefits or increasing costs for beneficiaries, and the small Social Security issues remaining are far beyond our legitimate planning horizon, why then all the hysteria about entitlements eating our children and grandchildren?
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Your team may not have a concluding event to your strategy as Pennell did with the Olympics, but like him you must lengthen your planning horizon, hire a team, develop a strategy, invest in an infrastructure, develop governance, and engage external partners all of which are flexible and dynamic.
This proposition comes directly from economic theory, which says that people respond to the risk of dying not by shortening their planning horizon and blithely assuming they will die right on time, but by choosing to consume somewhat more when young and somewhat less when old, if they do end up living longer than expected.
The officials gestured out over the horizon to where China was planning to allow its first economic zone.
For all Mr Osborne's efforts to reform planning, I can't see a mountain of private housebuilding on the horizon.
Developer Horizon Nuclear Power has previously said it hopes to lodge a planning application for the new Wylfa plant by the end of 2011.
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