Delphine was born at the beginning of the 20th century and probably never thought that she would live past 110, but for those of the Millennial Generation, the possibility of living more than a century has dramatically increased.
Are we prepared for such extended life spans? What can we do to make sure both our health and our prosperity meet the demands of 100 years of living?
Today, in America statistics project that 25% of 65 year olds will live past 90 and 10% will make it past aged 95. (If you are interested in life expectancy, the Social Security Administration offers a life expectancy calculator.)
Much, of course, depends on factors of heredity, lifestyle, health maintenance, and finances. Yes, finances, since financial planning for a longer life can extend life expectancy. Clearly, having the funds available for healthcare is a factor in maintaining good health.
The Stanford Center on Longevity on their website – Redesigning Long Life – offers readers ideas about keeping “Mentally Sharp, Physically Fit and Financially Secure.”
Currently, pensions and company- funded health care programs are going the way of the dodo bird. Routinely, employees are expected to be ‘self-funded’ when it comes to retirement benefits and certain healthcare initiatives (where out-of-pocket expenses have risen dramatically.) For this reason, it is critical to have a plan for the future…a plan that includes realistic projections into retirement.
Planning for the future soon could mean that we plan for a “normal” lifespan of 100+ years.
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