Your Clients Are Likely Underestimating Their Lifespan By 5 Years
July 20, 2021 by Steven A. Morelli
If advisors and clients are looking at the average American lifespan as a yardstick for their retirement planning, they are most likely going to need a bigger stick.
That’s because Americans are underestimating their longevity by five years on average, according to a Capital Group blog post.
The underestimate owes much to the way people look at longevity statistics, which is to look at the aggregate.