Average Life Expectancies Are Up. Here's How That Could Affect Your Retirement
The CDC has found that average U.S. life expectancies have risen for the fifth year in a row. Specifically, that number has climbed from 78.7 years in 2018 to 78.8 years in 2019.
This is good news in theory -- we should all want to live as long as possible. But extended life expectancies pose a challenge from a retirement savings standpoint. The longer you live, the more you'll need your savings to last -- and the greater your risk of depleting your nest egg in your lifetime. Here are a few things you can do to account for an increase in longevity -- and avoid financial stress in light of it.
Image source: Getty Images.
Source Fool.com
