Life Expectancy

We have all seen that current life expectancy for a man is around 78 and a woman around 83. But this takes into account everyone who was ever born. For retirement purposes, the most important statistic is not life expectancy from birth, but rather life expectancy during retirement.

The good news is you're living longer. The bad news is...you're living longer. So what does that mean for me?

This is what we call longevity risk. The risk of outliving your money.

Underestimating your life expectancy can have a drastic effect of your retirement in later years when you need income the most.

Some examples of life expectancy after you reach age 65. If you are married...

Did you know there is more than a 90% chance one of you will live to age 80?

Did you know there is more than a 50% chance one of you will live to age 90?

What if I told you there is more than a 1 and 10 chance one of you will live to age 100?