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How to Make Your Money Last for a Longer Lifetime
Longer life expectancies are ratcheting up the pressure on retirees to make their money last as long as they do. New mortality estimates by the nonprofit Society of Actuaries, released Monday, show the average 65-year-old U.S. woman is expected to live to 88.8 years, up from 86.4 in 2000. Men age 65 are expected to live to 86.6 years, up from 84.6 in 2000. These new figures should raise concerns even for people who believe they have accumulated enough money for later life. Here are five tips for such individuals who are approaching or in retirement:..Read More
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