Longer lives and retirement planning
Wade D. Pfau
Life expectancy in Canada is going through the roof. According to the Society of Actuaries, we live in an era where many couples expect to retire around 60 and there’s an 18% chance of at least one member of that couple living to 95 or beyond.
It wasn’t that long ago when financial planners based projections on the premise that a couple’s money had to be capable of supporting a 30-year retirement.
Ritcey, Dave, "Longer lives and retirement planning" (2017). In the News. 2378.