We’ve Moved! 6121 Excelsior Blvd. St. Louis Park, MN 55416

Can Longevity Truly be Predicted

Every morning, Emma Morano ate a raw egg and biscuits. When she died at age 117 in April of this year, she was the oldest person in the world. She lived in Verbania, a picturesque town situated on Lake Maggiore in northern Italy.

Violet Brown, who was born in 1900 and lives in Jamaica, now holds the mantle as the world’s most senior senior. Like Morano, she resides in one of those beautiful locales that most of us only dream about. Could picturesque surroundings be a factor in longevity?

Surely happiness, time spent with good friends and family and a high quality of life can be factors. But no one really knows how long they’re going to live, which makes it particularly difficult to plan accurately for retirement income.

According to the Society of Actuaries, men who reach age 65 can expect to live to an average age of 86 and women to 88 — but those are just averages. In reality, some won’t make it to their predictive age and others will live longer. Which will you be?

As financial advisors, we understand the dilemma of planning for the unknown because it’s what we do every day. If we can help you develop a retirement plan, please contact us for a financial review.  We can help you stay focused on your long-term goals and work with you to design a specific plan using a variety of insurance and investment products that help you work toward your desired financial future.

One tool to estimate your lifespan is the Actuaries Longevity Illustrator. Based on a few simple questions regarding health and demographic characteristics, it offers a series of percentages predicting your chances of living to various ages.

If that’s too broad in nature, you might enjoy completing a more detailed questionnaire at the Biological-Age calculator. Based on how healthy a lifestyle you lead, this calculator knocks years off your current age for an estimate of how well your body is holding up.

The Living to 100 Life Expectancy Calculator (livingto100.com), which was developed by Dr. Thomas Perls, of the New England Centenarian Study, asks 40 questions about health and family history to help estimate how long you may live based on researched medical and scientific data.

If you’re concerned about getting older, here’s a bit of good news: People tend to get happier as they age. In a poll earlier this year, people age 70 and older said their quality of life has improved as they’ve aged. This could reflect the sentiment many people feel who either never enjoyed working or are simply happy to stop.

Either way, it’s probably more uplifting to stop thinking about the limitations of getting older, and reflect more on the advantages we can enjoy that were denied us at younger ages.

Get the latest retirement news today!

Subscribe Now

  • This field is for validation purposes and should be left unchanged.

Pick your topic or keywords

Similar Posts

Getting to the Truth: How Strong is Social Security Anyway?

The number one news headline grab this month isn't the Kardashians or Donald Trump. Nor is it Spieth's distressing loss at the Open Championship by…

Continue Reading
Secured Retirement Radio: Probability Investing vs. Safety First

Blog post written by Dale Decker We all have different tolerances for risk. Some people prefer to go big and climb Mount Everest. Others are perfectly…

Continue Reading
Cary Grant’s Retirement Income Checklist

“You never miss the water until the well runs dry.” His Girl Friday (1940) – Walter Burns (Cary Grant) In the 1940’s movie His Girl…

Continue Reading