News
The Mortality Revolution
Longevity is the #1 Risk in Retirement
Famous Gerontologist Doctor Aubrey De Grey says that the person who will live to age 150 has already been born. Consider Jean Calment, the oldest documented human as certified by the Guinness Book World Records. She lived 122 years, 164 days. In 2016, Susannah Jones died at 116. Not only was she a super centenarian teenager, but she also was the last tri-centurion, being born in 1899, living throughout the twentieth century and on into the twenty-first century. For year’s popular TV weatherman Willard Scott celebrated Americans turning age 100. In 2020 it is estimated that over 220,000 centenarians will be alive. Consider this: If the average American female is living 88.8 years that means half of them will exceed that age.
Are you ready to live to age 100? Could you live long enough to be a tri-centurion if you were born in the 1990s? Could you become a super centenarian teenager and live to age 113? Could you be the person Doctor de Grey says will live to age 150? Are you ready to see your great grandchildren and witness four generations living at one time? And if we are living longer, what will be the quality of life for you and your family? Living longer may cause many to work longer or live a hybrid retirement, a having part time job to supplement retirement benefits. Living longer could put many Americans at risk of running out of money. Living longer will more than likely increase your medical expenses and elder care costs. Just to name a few. And none of these risks incorporate any of future medical advances on the horizon.
But what’s important to know today is that future longevity will impact your business, your retirement and your family’s legacy. That being said, there are some surprising solutions to living longer that reduce longevity risk and strengthen your financial situation. For more information on the impact of longevity on your retirement, business succession and estate planning just write me …steve@onthemoneynews.com http://www.onthemoneynews.com/the-mortality-revolution-on-the-money-news/
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