Live Long and Prosper? 5 Ways to Plan for Extended Longevity in Retirement
If you are a Star Trek fan, you may recognize this pivotal line from our Vulcan friend, Spock: live long and prosper. But saying those words won’t automatically make them true. In today’s world of increased longevity, you want to plan mentally, physically, and financially for a longer life. How do you set yourself up for prosperity in retirement? Today, we’ll discuss planning for a long retirement and some critical points to consider along the way. How to Plan for a Long Retirement While we don’t know how long you’ll live, the CDC estimates the average man’s life expectancy is 73.2 years, and a woman’s is 79.1 years. Even though life expectancy stats have dipped during the pandemic, more people are living longer than ever before. In fact, longevity is becoming a top goal for many retirees. An Age Wave report from Edward Jones found that 70% of people want…