Living Past 90: How to Play the Long Game on Retirement, Tax Planning
April 2, 2025 by Roger Wohlner
One of the most challenging factors to account for in clients’ retirement planning is longevity. The chance of a client — or of at least one partner in a couple — living to 90 or beyond is higher than advisors might think.
Factors affecting longevity include health, family history, gender (women tend to live longer than men), marital status, wealth and profession. This is separate from life expectancy, which is simply an average of millions of people with diverse backgrounds and circumstances.
Wink’s Moore on the Market: Did you know that there is nearly a 60% chance that at least one spouse of a couple, aged 62, will live to at least age 90?
This article states:
“Factors affecting longevity include health, family history, gender (women tend to live longer than men), marital status, wealth and profession.”
Plus:
“Retirement planning for all clients entails addressing a fundamental uncertainty — how long a client will live and how long the money will need to last.”
How long a client will live? How long the money needs to last?
********************SO, HAVE YOU HEARD OF ANNUITIES?********************
They are a tool that guarantees the purchaser a paycheck for life!?!
Thanks, Roger Wohlner and ThinkAdvisor for the interesting insights! -sjm
