Retirement and Life Expectancy

Retirement and Life Expectancy

Core Facts

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Life expectancy is something to take into account when planning your retirement, according to a study by Harvard University. On average, 60-year-old Americans can expect to live another 20 or 25 years, depending on their gender and other variables. And most Baby Boomers can also count on a couple of extra years free of disease and disability compared to 60-year-olds of just 15 years ago due to improved medical treatments. 

It is important to factor in that information when planning for retirement. Life expectancy numbers show an average for the population that was studied, and it doesn’t reflect your personal situation. The healthier you are, and the healthier your lifestyle choices, the longer you are likely to live. So, if you figure that you have a good chance of living until 90, then your retirement assets will need to last you through those years. 

This may determine what sort of retirement activities you can afford or what avenues you wish to pursue. Whether it’s caring for your grandchildren, or hiking the Appalachian Trail, R-Ving across America, or sipping cocktails on a tropical beach; these are questions you’ll need to ask yourself. 

One thing you may want to consider is spending time with people you are fond of. Research shows that seniors who spend time with family and friends in their retirement years are happier. And we’ve all heard that happiness and health are intimately connected. 

Another thing that will have an effect on your happiness is reducing the stress of worrying about your retirement income. Find out what your Social Security income will be and how much you are due through retirement savings accounts. Putting together a budget and staying on top of your spending habits will go a long way to set your mind at ease, knowing what money is available to you, and eliminating sleepless nights. 

All these things can contribute to a longer and healthier retirement. 




Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC



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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website:

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Jake Mendlinger
Account Manager
516.829.8374 X 232

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