Planning on becomming a centurion? better save…
Marketplace money had a good story over the weekend about the financial impacts of living to be 100. You can read/ listen to it HERE. The story profiled Horte Guttman who is now 102 years old. Unfortunately she ran out of money at age 98 despite good financial planning. According to the story a new study indicates that most babies born after 2000 in developed nations will live to be 100. As our life expectancy lengthens it becomes increasingly important for financial planners to account for that in calculating retirement needs. The bottom line is we’ll all have to save more and possibly work longer than we previously thought.
Posted: May 11th, 2010 under Saving-Spending.
Tags: centurion retirement planning, retirement planning