June 2025
13Jun

Retired for how long? Worker expectations for how long they’ll live in retirement

By Paul J. Yakoboski,  Annamaria Lusardi & Andrea Sticha The influence of perceptions is noteworthy given that one-third of adults underestimate general life expectancy among 65-year-olds (and an additional one-quarter respond “don’t know” when asked). Workers who expect relatively short lifespans due to misperceptions about general life expectancy are at risk of accumulating inadequate financial resources for retirement. Their retirement planning horizon is “too short.” In addition, those with shorter expected lifespans appear less likely to plan and save for retirement. For example, about...

June 13, 2025
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13Jun

Boomers Aren’t Planning for a 30+ Year Retirement: 3 Reasons This Is a Mistake

The average number of years spent in retirement continues to grow, but many boomers aren’t planning to spend several decades in retirement. According to TIAA Institute’s “Retired for How Long?” report, most boomers (57%) plan to retire between ages 60 and 69 and nearly half (46%) believe they will live to age 90 or older. That means a significant portion of boomers will spend 30-plus years in retirement. Yet, only 9% are planning to spend that long in retirement. You Can Run Out of...

June 13, 2025
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May 2025
27May

South Africa. Treasurer accused of ‘double standard’ on PM’s $300k pension

Treasurer Jim Chalmers has been accused of double standards by allowing Prime Minister Anthony Albanese and veteran public officials to delay paying the new superannuation tax until retirement. Interest will be charged annually on the deferred tax liability at the long-term government bond rate, currently about 4.5 per cent. Read More @@afr

May 27, 2025
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23May

Social engagement linked to longer lifespan in older adults

A study in the Journal of the American Geriatrics Society indicates that social engagement may help older individuals live longer. In the study of 2,268 U.S. individuals aged 60 years and older who completed the Psychosocial and Lifestyle Questionnaires and provided blood samples in 2016, there was a strong association between engaging in social activities and a low risk of 4-year mortality. High social engagement was associated with a 42% lower mortality risk than low engagement. Specific activities, such as charity work, engaging...

May 23, 2025
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22May

Morningstar study on long-term care costs gets pushback from think tank

A new Morningstar report warns that long-term care expenses could dramatically undermine the financial readiness of American retirees. But the study’s conclusions are facing pushback from a Washington-based policy expert, who argues the analysis exaggerates households' actual exposure to those costs. In "The Overlooked Cost: How Long-Term Services and Supports Impacts Retirement-Income Adequacy," Morningstar researchers Spencer Look and Jack VanDerhei used a proprietary model to simulate the retirement outcomes of American households under two conditions: one that includes long-term services and...

May 22, 2025
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20May

US. Outliving Savings: A Growing Risk

Changes in financial planning that will account for increasing longevity haven't necessarily kept pace with expectations that the number of Americans living to 100 and beyond will quadruple over the next 30 years, warns a new study. In fact, the research from the Nationwide Retirement Institute and the American College of Financial Services finds that extending a retirement by just five years from 30 to 35 years increases the risk of depleting savings by 41%, based on historical market returns. Conducted...

May 20, 2025
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16May

The Longevity Story: Opportunities and Considerations

By World Governments Summit   This report delves into the concept of longevity, highlighting how advancements in medical technology, sanitation, preventive care, and lifestyle choices have significantly increased human lifespans—from an average of 45 years in the 1950s to over 73 years today. While early efforts to extend life overlooked aging itself, recent focus on understanding and potentially reversing the aging process has fueled the growth of the longevity industry. Organizations like Altos Labs, Hevolution Foundation, and Pure Health are pioneering...

May 16, 2025
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April 2025
30Apr

Longevity v interest rates – which poses the biggest risk for schemes?

Rising life expectancy poses a greater risk to UK corporate pension schemes than low interest rates, a report this week has suggested, but some industry experts have challenged the finding. Low interest rates have wreaked havoc on many schemes’ funding levels as liability calculations are revised up. Earlier this month the aggregate deficit of the Pension Protection Fund’s 7800 Index reached £254.2bn, up from £93.2bn a year ago. The cost of not hedging longevity in a low interest rate environment is proportionately greater...

April 30, 2025
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24Apr

For Most Americans, Going Broke in Retirement Is a Bigger Fear Than Death: Survey

The Allianz Center for the Future of Retirement has published its annual retirement study, finding yet again that a solid majority of Americans say they worry more about running out of money in retirement than they worry about their mortality. Specifically, 64% of survey respondents this year said they worry more about financial destitution in retirement than death. Despite the concern, 62% say they are not saving as much for retirement as they would like, while 54% say inflation contributes to their...

April 24, 2025
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02Apr

UK. Research reveals lack of retirement preparedness as life expectancy increases

Less than two thirds (60 per cent) of professional investors feel they are either fully or almost fully financially prepared to help their clients in living for longer in retirement, research by Fidelity International has revealed. However, the research, which included responses from institutional investors and intermediary distributors across Europe and Asia, found that 40 per cent of respondents felt there was a lack of readiness to support clients in this area. Fidelity International global head of client solutions, Katie Roberts...

April 2, 2025
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