The money may run out before the life does
Longevity is the risk nobody is glad to have.
4 solutions built for it
Annuities, Long-term care insurance, State pension and social security and Withdrawal-rate strategies.
Where Mortality meets Retirement. Everyone dies, and unusually among animals, knows it in advance. That advance knowledge is what makes life insurance, wills, trusts, hospice, monuments, and religion possible. Mortality is also the only constant that produces businesses serving people who no longer exist, paid fo…
Longevity is the risk nobody is glad to have.
Annuities, Long-term care insurance, State pension and social security and Withdrawal-rate strategies.
Most lifetime health spending happens now.
Chronic-condition pharmaceuticals, Specialist medicine, Public health insurance for the old and Senior dental and vision care.
The social world shrinks and cannot be rebuilt the way it was at twenty-five.
Senior centres and clubs, Faith communities, Pets, Later-life dating and AI companions.
Grandchildren, reunions, and the urge to know where the family came from.
Grandparents as childcare, Genealogy and DNA ancestry and Multigenerational travel and reunions.