Baby Boomers Live Longer. Therefore, Avoid Buying These 5 Things - AMAC & Yahoo Finance
Vawn Himmelsbach’s piece here reminds readers that in the 1930s, average life expectancy was 58 for men and 62 for women, based on Social Security Administration data. However, today women have a 1-in-3 chance and men a 1-in-5 chance of living to 95 or beyond. But with the average Social Security retirement benefit at just $1,827 a month, the author suggests avoiding purchases of any of these five: high-risk investments, expensive vacations, timeshares, second homes, and larger, impulsive purchases. For a full explanation see the entire piece here.