Will You Live to 100?
September 5, 2023
There’s an old saying about life expectancy in retirement that goes something like: “The good news is that your retirement years may last longer than your work years.” The bad news? “Your retirement years may last longer than your work years.” When it comes to saving for retirement, the number one question is: Will you have enough to sustain you in retirement?
When I am 109 (apologies to the Beatles)
When I get older losing my hair
Many years from now
Retirement plans, will you still be sending me a financial valentine?
Birthday greetings, bottle of wine?
Will you still help me, will you still feed me
When I'm one hundred-nine?
Why 109?
Of all the ages, why did I pick 109? I just received the summer edition of CalSTRS’ Retired Educator. There’s a graphic on page 14 with data on all of the retired CalSTRS members who are over age 100.
- 438 total
- 368 female
- 70 male
- 23 average years of service
- Oldest member: 109
Be Informed Not Scared
My goal here isn't to scare but to inform. OK, maybe it is to scare a little. Or more accurately, my goal is to get those who haven't started thinking about saving for retirement to start the process. Our updated Back to School Saving for Retirement Checklist will help.
Stay wise and well (and know it's never too early to plan for retirement).
