Three Overlooked Rewards of Living Longer Lives

Making your retirement savings last multiple decades may be financially daunting, but living to a ripe, old age can be well worth it for individuals, families and the economy.

An older couple hold hands as they walk along the beach at sunset.
(Image credit: Getty Images)

In the early 1900s, any American over the age of 65 was considered "old." That's understandable because in those days the average life expectancy of U.S. citizens was 47 years. My how things have changed!

Today we define "old" as somewhere north of 90, and by all indications, the definition of old age is going to keep on rising. According to the U.S. Census Bureau projections, by 2050 at least 400,000 of our citizens will be 100 or older. While this is a welcome development and something most of us never imagined, planning for longevity brings a whole new meaning to the idea of creating an "abundant second half."

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up
Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Jan Blakeley Holman, CFP
Director of Advisor Education, Thornburg Investment Management

Jan Blakeley Holman is director of advisor education at Thornburg Investment Management. She is responsible for identifying and creating advisor education programs that support financial advisors as they work with their clients and prospects. Jan has spent more than four decades in the financial services industry. Over the course of her career, she’s served as a financial advisor, an advisor to financial advisors and a financial services corporate executive. Visit Thornburg’s website to enjoy more of Jan’s articles and podcasts.