Retirement Planning

Excerpt: Anyone can see that average life expectancies are increasing, but averages are misleading. “If you’ve made it to 65, there’s a good chance you’re going to be here a while longer,” said Dan White, Founder of Dan White and Associates. A Society of Actuaries study found that couples aged 65 today have at least a 50 percent chance of at least one spouse living to 92, and a 25 percent chance of at least one living to 97. For singles, half of all 65-year-old males and females are likely to live to 85 and 88, respectively.

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