Good morning.
New HiresIt’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May.
With all of the negative data and a lot of prominent investors and officials discussing the long path ahead, why does the market seem so impervious to the news?
One reason is the concentration of market capitalization in so few companies.  The other, a weaker U.S. dollar making the market appearing stronger than it is.

May 08, 2019

Will You Outlive Your Money?

In 1928, U.S. life expectancy was about 57 years.

Today, according to the Social Security Administration, folks turning 65 this year have an average life expectancy of 84.3 (men) or 86.6 (women).  What’s more, folks are living longer than ever.  One in ten 65-year-olds today will live past 95, and one in four will live past 90.

Most retirement plans assume you’ll retire sometime around 65 and live for another 20 years.

But consider this … someone who is 65 years old today is expected to live 20 additional years … to the age of 85.  But when this 65-year-old was born, scientists expected him to only live to the age of 68.  So right now, this typical retiree is already 17 years “ahead of the curve.”  And as medical advancements continue, that number could grow even more … even faster.

What does this mean for you?  Do you have a real wealth path to follow?

Out living one’s retirement savings is the greatest fear of most people nearing retirement age.  According to the Employee Benefit Research Institute, 61% of those aged 44 to 75 say running out of money in retirement is their biggest fear.

The retirement landscape has undergone vast changes over the past couple of decades.

As we already mentioned, people are living longer.  And previously reliable sources of retirement income — like pension plans — are dying out.

Here’s to our health, wealth, and a great retirement.  🙂

C.S. Lewis leaves us with this great quote:

“You Are Never Too Old To Set Another Goal Or To Dream A New Dream.”

Sources included: Dr. David Elfrig

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