Assuming retirement will last 10-15 years.<\/p>\n
In 2010, the American Academy of Actuaries says that the average 65YO American male can expect to live to 84\u00bd, with a 30% chance of living past 90.<\/p>\n
The average 65-year-old American female has an average life expectancy of 87, with a 40% chance of living past 90.<\/p>\n
The population of centenarians in the U.S. is growing rapidly — the Census Bureau estimated 71,000 of them in 2005 and projects 114,000 for 2010 and 241,000 in 2020. It also believes that 7.3 million Americans will be 85 or older in 2020, up from 5.1 million 15 years earlier.<\/p>\n
So assuming you’ll only need 10 or 15 years worth of retirement money could be a big mistake.<\/p>\n
So what are your options? A second or third job?, Work longer? Start your own business?<\/p>\n","protected":false},"excerpt":{"rendered":"
Assuming retirement will last 10-15 years. In 2010, the American Academy of Actuaries says that the average 65YO American male can expect to live to 84\u00bd, with a 30% chance of living past 90. The average 65-year-old American female has … Continue reading