Quote Of The Week: Living Into Your 90s, And Beyond

Perhaps nothing illustrates today’s longevity better than seeing actor William Shatner – Captain Kirk of Star Trek fame – being tapped to fly into space at a still spry 90 years old.

“If you are an individual turning 65 today, in order to be 95% sure that you are not going to outlive your retirement plan, you will need to generate income for 33 years.”

Dr. David Kelly, Chief Global Strategist, JP Morgan Asset Management, “The annuity advantage in the new economy”

Hard to believe, but in the year 1900, the average life expectancy at birth was only 49 years.

By the end of WWII, that had risen to age 68.

By 2000, it was closer to 77 years.

The average 65-year-old today is expected to make it to his or her mid-80s, and of course, many people with above-average health will live into their 90s or even to 100.

For a 65-year old couple, the odds are at least 50% that one of the pair will make it past age 90, and 25% that one will be alive past age 95.

Perhaps nothing illustrates today’s longevity better than seeing actor William Shatner – Captain Kirk of Star Trek fame – being tapped to fly into space at a still spry 90 years old.

The Takeaway: Never underestimate the need for growth in your portfolio, even when you are in retirement. You need growth to keep up with inflation and generate income for more years than people ever thought possible.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

, , , , , , ,

No comments yet.

Leave a Reply