How long should you plan to live?
No one can really know, of course. But the answer to that question may be the most critical factor in making a successful financial plan for retirement. Fewer baby boomer retirees — Americans born between 1946 and 1964 — have traditional pensions than their parents generation did, which means they will need to retire on income from Social Security and savings. At the same time, expected longevity for men and women at age 65 has jumped more than 10 percent since 2000, according to the Society of Actuaries. Men who reach age 65 can be expected to live to an average age of 86.6, and women to 88.8. Read Article: https://www.nytimes.com/2017/02/18/your-money/retiring-longevity-planning-social-security.html?ref=topics Comments are closed.
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AuthorJoshua Nahas Archives
May 2017
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