Overall, we are living longer. Across the board, American life expectancy has slowly but steadily climbed over the last few decades. That’s great news! But according to a recent article by U. S. News and World Report, it does mean we need to change the way we plan for retirement.
“Adjusting investment strategies is just one way in which longevity is changing the face of retirement. Living longer has also translated to seniors having more time to do the things they want and added opportunity for expensive health care expenses to emerge. However, to prepare for all the following ways in which a long life will impact retirement, workers need to start saving early.”
The article explains each of the facets of retirement planning with longevity in mind. It also outlines what each of those might mean for your own retirement plan.
Visit the U. S. News and World Report site here to read the full article.