Life expectancy when planning for your retirement is more important today than ever before, because we are living longer than ever before.
Between 1980 and 2010, the population age 90 and older nearly tripled, reaching 1.9 million people, according to the Census Bureau. Over the next four decades, the 90-plus demographic is expected to quadruple.
When I meet with a client we discuss their family history and factor in longevity as we formulate their retirement plan along with many other factors.
Many people, when planning for retirement, tend to underestimate their life expectancy and, as a result, tend to overestimate how much they can spend after they retire.
As a retirement income planner my job is to help insure you'll have enough income to last all the way through your retirement.
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