When tragedies such as shootings in the South Carolina church or the Orlando bar happen, people often question how long they might live.
While no one knows for sure, of course, here are some interesting facts from the October 9, 2014 USA Today article by Larry Copeland.
Life expectancy in the USA rose in 2012 to 78.74 years.
Life expectancy for a woman is 81.2 years and for men it’s 76.4 years. That difference of 4.6 years has not changed from the 2011 figures.
Since we also know that 800,000 women become widowed each year in the U.S., this gives special reasons for women to be sure that their finances will be adequate to support them throughout life expectancy.
We work with all clients to answer the questions:
“Will our money last as long as we do?”
“What lifestyle can we afford?”
“Can we gift to our children and grandchildren?”
“Can we help our grandchildren with college expenses without hurting ourselves?”
These questions are especially important when one member of the couple has passed on.
The Resonate team is ready to listen to your questions and concerns and to partner with you to create solid, supportive answers.
Barbara A. Culver
CFP®, ChFC®, CLU, AEP®