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Making one's money last as long as one's life in the US

Acturial professionals creates calculator that addresses longevity risk
Monday, February 20, 2017 - 05:50

Prof Bajtelsmit calculated that a 65-year-old man has a 20 per cent chance to live to 90, and the odds jump to 30 per cent if he is in better-than-average health.

New York

HOW long should you plan to live?

No one can really know, of course. But the answer to that question may be the most critical factor in making a successful financial plan for retirement.

Fewer baby boomer retirees - Americans born between 1946 and 1964 - have

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