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Guiding Clients Through Retirement Planning and Ways to Connect with Them

By: ETFdb
Longevity is a common theme we keep hearing more and more about in the industry as it relates to clients and retirement planning. Case in point. According to the U.S. Census Bureau , age 63 is the average retirement age in the United States. According to the U.S. Social Security Administration , if a man reaches age 65 today, he can expect to live on average until he is 84.3 years old. If a woman reaches age 65 today, she can expect to live on average until she is 86.6 years old. Furthermore, roughly one-in-four 65-year-olds will live past age 90 and about one in ten will live past age 95! Are your clients prepared? These mind-blowing statistics have certainly made retirement planning even more important and, in many cases, even more complex. According to the MIT AgeLab, as people are living longer, the concept of retirement planning is starting to be replaced by the concept of “longevity planning.” Considering the aforementioned statistics, it makes complete sense.
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