Long Term Saving Plans
As the average age increases and modern medicine keeps improving, it is important to make sure your investments and retirement plans keep up. When Social Security was first implemented, the average age Americans lived to was 65, which was also the age the Social Security benefits kicked in. Now it is not uncommon for Americans to reach the age of 100, however retirement age is still in the 60s. This means that today’s retirees must be prepared to live off of their savings and Social Security for as much as 30+ years. Of course, you must take in to account any number of other variables concerning your health and genetics to come to your best educated guess on how much you should save for retirement. For more information on this topic, visit this article by Emily Brandon with U.S. News.
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