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Americans are living longer and that creates some challenges for retirees.
According to the Social Security Administration, a 65 year-old, on average, can expect to live another 19 to 21.5 years. With the prospect of a 20-year retirement, seniors will have more time to do the things they want and added opportunity for more health care expenses to emerge. While a longer retirement means more time for work and other pursuits, there is a big risk of outliving your money. The attached article looks at how living longer will impact your retirement. Read the USNews.com article here…
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