Life expectancy in the U.S. continues to rise, and is at an all-time high.
Currently Americans on average are living to the ripe young age of 79. And this number is actually musch lower than 53 other countries. The people of Monaco currently live to an average age off 90.
As advancements in health care continue to push our average life span to the century mark, we have a whole new set of issues to worry about.
The biggest concern you will have is…
Can YOU Afford It?
With the average American retiring by the age of 66, and our life expectancy continuing to rise, you will need more finances to get you through retirement.
That’s a full 13 years without general income, while certain expenses like your healthcare will continue to rise. It’s also getting hard to save, with the higher cost of education for your kids, and the fact that millennials are living at home longer with their parents than kids used to.
To ensure you can afford your gift of longevity, be sure to meet with a finance professional, who can help you figure out how much money you will need to comfortably get you to the end.
No-one said living forever would be cheap.