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The Longevity Factor: People living longer changes retirement planning
Back in the “old days” of 1960, people retiring at age 65 were, on average, expected to live about another 13 years. Fast forward to today when the average 65 year old is expected to spend another 21 years before passing on and the whole retirement planning landscape changes to a need to plan for decades instead of years. Healthcare costs, retirement income and retirement savings all require some out of the box thinking to make sure that the later years of retirement aren’t spent in dire financial straits, as this U.S. News & World Report article by contributor Maryalene LaPonsie explains. Click here to read more.
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