BALTIMORE — Increasing longevity is radically changing the planning assumptions of advisers like Marc Milic. His oldest client is now 103.

"Probably 10 years ago I was using age 90 in my financial plans. Today, I'm using 100. And maybe I should go higher," said Milic, a partner at Douglas C. Lane & Associates, a New York-based RIA that manages approximately $4.1 billion.

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