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You, Your Spouse, or Both, Will Likely Live Longer Than You Think in Retirement

by | Jan 5, 2024 | Uncategorized | 0 comments


You, Your Spouse, or Both, Will Likely Live Longer Than You Think in Retirement

Photo by Thomas Vimare on Unsplash

(don’t forget to checkout the video too)

The number 1 concern for retirees in retirement is running out of money.

This can easily be compounded by living a LONG life!

But most people want to live a long life…. as they should.

That gives them more time to fully enjoy their retirement (the grandkids, the wine tours, the sailboats, the sleeping in until noon and not knowing what day it is…😂)

That’s why we all work and save so diligently. 💰

So we can enjoy the fruits of our labor for as long as we can. 🍎 🍌 🍉

But it’s tough to enjoy if you’re constantly worried about how to make your money last when, quite frankly, you have no idea how long it needs to last.

That’s why it’s important to have a retirement income strategy.

The key is to ensure that you have enough INCOME to last however long you live…

Even if you live to 100…

Before you say, “I’ll NEVER live that long”…. consider these statistics:

✅ 1 in 4: 65-year-old men will live to age 93

✅ 1 in 4: 65 year-old women will live to age 96

✅ 1 in 4: 65 year-old couples will live until age 98

✅ @ age 65 there’s a 14% chance that ONE of the spouses will live until age 100

It’s not necessarily a question of IF you think you’ll live that long….

It’s more of a question of “what if you do”⁉️

Does your current retirement plan ensure that you will have enough income if one of you lives well into your 90’s (or to 100)⁉️

Because nobody wants to spend their last few years trying to pay for long-term care with a small social security check.

That’s why planning for a long life and ensuring you have enough guaranteed income is my number 1 priority with clients. ☝️

Once you’ve created income you can’t outlive you can live the life you want in retirement without much worry.

Let’s chat 💬😎


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Enjoy this blog? You’ll probably enjoy this one as well: The Top 4 Reasons to Designate Money As Retirement Income 10 Years Prior to Retirement

To your success,

Matt

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