Thursday, May 2, 2019

Want to Live to Be 100?

If you answered yes to the title question, you are not along. Last month, Financial Advisor published an article, More Than Half Of Americans Want To Live To 100 reporting on a survey by AIG Life & Retirement.  Why does someone want to live to be 100?  Why not? There are various reasons, and the respondents offered these: "Thirty-nine percent of respondents cited deeper family relationships as the main reason for wanting to live 100 years. Another 32 percent said they wanted to see the world change, and 17 percent wanted to remain productive."

The respondents note that longevity can be accompanied by various issues. "Of the 53 percent whose goal is to be a centenarian, 51 percent are worried that their savings won't last for that long a life." As well, the likelihood of significant health issues took first place among concerns "(35 percent) ...  followed by the likelihood of burdening their family (27 percent) and running out of the money needed to live comfortably in retirement (25 percent)."  Planning for longevity is important.  Although aging happens organically, planning for longevity is responsible aging.

https://lawprofessors.typepad.com/elder_law/2019/05/want-to-live-to-be-100.html

Consumer Information, Current Affairs, Health Care/Long Term Care, Other, Retirement | Permalink

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