Prepare Yourself for a Long Retirement

We all want to live long lives. We all expect to live long lives. But are we financially prepared for this longevity?

Before we get to the issue of preparation, let’s look at a couple of interesting findings from a 2022 survey by Age Wave and Edward Jones:

• The surveyed retirees said, on average, they expect to live to 89, and they said the ideal length of retirement is 29 years.

• When asked if they want to live to 100, nearly 70% of the respondents said “yes.” The main reason for this desire for long life? To spend more years with their family and friends.

Of course, none of u...