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Living Longer- retirement planning
Many pre-retirees either underestimate or over estimate how long they will live. For example, over estimation means you think you’ll live to 100 years old, and therefore you make plans to reach that age, but you only make it to age 95. But, 56%-62% of surveyed participants under estimated how long they will live. This type of survey indicates that people do not foresee living as long as they actually will. With advances in health care technology, it is no wonder that longevity is actually on the increase. That’s celebratory news for you to enjoy a longer life filled with happy moments. But, it’s a scary reality if you’re not sure you are going to be able to afford to keep living.

According to data compiled by the Social Security Administration:

  • A man reaching age 65 today can expect to live, on average, until age 84.2
  • A woman turning age 65 today can expect to live, on average, until age 86.2

And those are just averages. About one out of every four 65-year-olds today will live past age 90, and one out of 10 will live past age 95.2

It’s About Accurate Retirement Planning

Nobody wants to fear their retirement years and feel insecure about whether they will outlive their resources. So, be better prepared. Let me help you prepare for retirement by keeping your money safe.
Toll Free: 1.866.471.7233 | Just Ask Freeman for a free, no-obligation consultation. | MD, VA & Washington DC

Sources:
1. Society of Actuaries, 2012
2. Social Security Administration Life Expectancy Calculator