How to Factor Longevity Risk into Your Retirement Strategy
In 1935, the first Social Security legislation was passed, providing Federal benefits in retirement for those over the age of 65. The average life expectancy then was only 61, so many Americans never saw benefits, or if they did, only received them for a very short time. Today however, the average American can expect to live 78.7 years, well past age 65. This is just one reason why most of us aren’t counting on Social Security as a primary means of income in retirement. In fa
