There’s good news and there’s bad news. The good news is that modern medicine and healthier lifestyles mean that we’re leading longer lives. In fact, life expectancy in the United States is starting to push 80 years of age. As recently as 1970, that expectancy was 70.8 years of age.

The bad news is that we are in danger of outliving both our money and our ability to care for ourselves. Recent turmoil in the stock market, where many retirees are heavily invested, has only highlighted the anxiety felt by seniors who fear they will run out of money, an issue explored in this article from Reuters news service.

Good estate planning needs to cover what will happen when you die, but also needs to take into account what will happen if you don’t—at least anytime soon.

www.blogprofs.com

Share on Facebook