Longevity is like a coin toss. There’s a winner and a loser. Living longer, represents the heads side. Living longer with good quality of life is desirable. Heads up! The flip side, tails, is a negative because American’s are not prepared for it. Why not? There are many reasons! Citizens generally are not saving and investing enough for their futures. Like an ostrich, many choose to keep their heads in the sand not realizing the remainder is exposed to the ever closer date when they are no longer getting a regular paycheck.
Government programs are no substitute for personal discipline and saving habits. Many rely heavily on Social Security when it was never intended to be a primary source of income. Interestingly enough, when the longevity coin is flipped it never lands heads up or tails up, it lands on its rim. In the article Longevity Is Killing Us: BlackRock’s Larry Fink, Larry Fink’s view comes through. Fink feels that both government and businesses need to step up and address the problem. What do you think?
Preparing for Longevity and all aspects related to is an important Financial Strategy for Life!
Click the link to learn his views and ideas on some ways to help your future.