How to cope with the ‘threat of longevity’
You can’t predict how long you’ll live. Nonetheless, you still need to consider longevity as a key factor in creating, and following, a long-term investment strategy. And your projected lifespan may be longer than you had thought. Men who turned 65 in 2010 can expect to live another 18.6 years, while women who reached 65 that same year can anticipate another 20.7 years, according to the 2011 Social Security Trustees Report. And these figures are just averages; depending on your health and family history of longevity, you could well spend two, or even three, decades in retirement.