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Will Living Too Long Ruin Your Retirement?
(By – Ruth Davis Konigsberg, www.time.com)
Our life spans are getting longer, but we won’t all make it to 95.
“Longevity risk”—the possibility that people will live longer than expected, putting a strain on Social Security, Medicare, public and private pension funds, their own retirement savings, and the planet in general—has become a hot topic recently. Former hedge fund manager and Soros strategist Stanley Druckenmiller recently predicted that the aging population will precipitate a major economic crisis, while the Wall Street Journal took a more sanguine approach by devoting a whole section to “How to Add Life to Longer Lives.” Read more…