According to the Pew Research Center, 10,000 Baby Boomers will reach the retirement age of 65 every day until 2030. However, seniors are living longer lives than when the retirement age was set in the 1930’s.
When social security was implemented, the average life expectancy for men was 58 and 62 for women. Today, that average has risen to 76 for men and 81 for women and yet the retirement age remains at 65. The question that must be asked is will your retirement savings last throughout your retirement years? Read More