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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.