Retirement: Life Expectancy
How Long Will You Live?
People are living longer these days. With this longevity, however, comes the challenge of making sure your retirement income assets for the rest of your life. Many people plan their retirement based solely on their life expectancy, but this strategy ignores the real possibility of living far beyond that. Life expectancy simply means that 50% of people live beyond a certain age and 50% will not. While we don’t know how long we’ll live, income planning based only on life expectancy means you could very well outlive your retirement savings.
Probability of a Healthy 65-year-old Living to Various Ages
Don't just look forward to a long retirement. Expect it.
Payments from an income annuity lasts as long as you need them to. Talk to your advisor today about New York Life's retirement income solutions.