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Retirement Planning... Lovgevity
By Gary Lucas of DMG Financial Planning
January 11, 2012

You need to allow for the possibility that you will live beyond the average age and that the averages are increasing.

  • Life Expectancy  at birth in 1946:  Male = 66.1 yrs, Female = 70.6
  • Life Expectancy  at birth in 2006:  Male = 78.7 yrs, Female = 83.5
  • Life Expectancy  at age 65 in 1946:  Male = 77.3 yrs, Female = 79.4
  • Life Expectancy  at age 65 in 2006:  Male = 83.3 yrs, Female = 86.5

Keep in mind that to arrive at an average, you must have numbers below and above.

It is easy to justify a case to plan for your capital to last longer.

Our preference is for you to plan for you to have money until age 100.

 

 

 

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