10 ~ Investment,finance for businesses




Your nest egg needs to last 30 years, maybe more.

Along those lines, one of the biggest retirement concerns for people is that they'll outlive their savings. In our experience, most people underestimate their longevity. While it's impossible to know how long you'll live, you should plan to have your retirement savings last 30 years or more. According to the U.S. Census Bureau, the average American's life expectancy is 79 years. For people who reach age 65, their average life expectancy increases to around 85 years.

ONE IN FOUR PEOPLE who reach 65 will live past age 90.

So, let's say you retire at age 62 and live to age 97. That's a 35-year retirement you have to fund. And it's not just living expenses you need to consider. There's also inflation, health care costs, legacy planning, taxation, market volatility and unforeseen emergency costs. It's a lot to consider and it can feel overwhelming, Having a comprehensive financial plan that's tailored to your unique circumstances and values can help you be prepared for a long, happy retirement.


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Investment,finance for businesses