Nov 29, 2018

Today there is a 23% chance that at least one member of a 65-year-old couple will live to age 95. And with improving health care, even more, people will live to 95 and beyond in the future, according to the Society of Actuaries. Indeed, a recent analysis of data from more than 30 developed countries reveals that death rates among people older than 80 are still falling. An Ernst & Young study stated: “Households approaching retirement to face an environment where the possibility of living to age 90 or 100 and the volatility of inflation and investment returns put them at HIGH risk of outliving their assets. Today, we'll reveal more of the findings of Ernst & Young and Wharton School and how it may affect your retirement. Don't miss it MASTERING MONEY is on the air!!