We’re living for longer and it’s burning a hole in our retirement savings
If you’re a 65-year-old woman, on average you’re expected to live until you’re 89. But the variation is high – on average one in 10 women aged 65 will live past 100 years and one in 10 won’t make it to 77.
If you’re in the group that will live past 100 years, you need to find an additional $39,000 a year for more than a decade to fund yourself (based on the AFSA comfortable standard for singles aged around 85). So, how do you manage this “risk” of living a long life?
Read More: Brisbane Times
