How Long Will You Live?
Mike's 106 year old Grandmother!
It's no secret that people are living longer than ever before. When my grandmother was born in 1904, the average female was expected to live to about age 50. Today, it's more like age 85. She passed away in 2011 just a few weeks shy of her 107th birthday!
Of all the risks we face in retirement, longevity is considered the 'mother of all risks' because the longer we live, the more likely we are to experience all the other risks that come with retirement, for example- the more likely we are to run out of money, or the markets will crash, or taxes will go up, or we may need long term care.
At Hood Financial, we take longevity risk very seriously and strive to solve for this possibility in every plan we create. Currently, our oldest client is 103! So, how long will you live? Take the quiz on this webiste www.livingto100.com to find out.
(By the way, when I took the quiz, it showed that I would also live to age 106. So, I'm guessing I'll be around for many more years to serve you!)
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