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Life-Expectancy and Your Planning Horizon
With the 85-and-older population continuing to expand, it’s clear that the traditional “plan for a 20-year retirement” approach is something that will lead many to ultimately experience a cash shortfall. In fact, the Society of Actuaries observes that one out of three males and one out of two females in their mid-50s today will live to age 90. With this in mind, a shift in long-term planning strategies may be in order for many. This issue is discussed in an article posted on www.foxbusiness.com. Check it out here…
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