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QUESTION:
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Living Longer -- Yikes! | Have you seen the news? Americans are living longer than ever before. The Centers for Disease Control - CDC - announced yesterday that the average lifespan is now 77.9 years (80.4 years for females and 75.2 for men).
Yikes... Those numbers are just the averages... Because I am healthier than average, does this mean I will live forever? I am glad I'll be around a long time, but it sure does put a crimp in my financial plan for retirement.
How have you planned for longevity in retirement? Did you guarantee enough income to last until a certain time? Did you buy insurance -- an annuity or long term care insurance? Will Social Security alone be enough to take care of me if I get to 90?
Does anyone what the average lifespan of someone is who doesn't have a genetic or other risk of any of the leading causes of death (heart disease, cancer, stroke, diabetes, alzheimers)? |  | asked by intothenews, 4/20/2006 |
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Categories:
Leisure and Lifestyle, Asset and Income Protection Insurance, Annuity, Aging, Health and Health Care, Long Term Care Insurance, Budgeting, Retired, Financial Planning for Retirement, Long Term Care, Retirement Income, Longevity Calculator
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