The United Nations estimates that there were about 95,000 centenarians in the world in 1990, and more than 450,000 in 2015. At this rate by 2100, there will be 25 million. We are living longer and that’s one of the important factors in the “retirement” roadmap that I use when formulating a plan for a client. I realize none of us really knows how long we’ll live but by looking at how long your parents and grandparents lived and your current health we can speculate that piece of the puzzle. We also factor in the when and how you’ll take your Social Security benefits. What will your tax situation be? What other sources of retirement income do you or will you have? How much debt will you have? How much will you pay for healthcare? What will your cost of living be? You get the idea. And to be honest because you could live 30 maybe even 40 years in retirement having enough income to last all the way through your retirement is what I am passionate about helping my clients achieve. If you want to learn more about Safe Money Strategies go to yoursafemoneyshow.com.
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