You'd Better Be Ready for a 40-Year Retirement
NEW YORK (TheStreet) -- With people living longer, financial advisers are starting to suggest their clients to "go long" on retirement savings.
The average life expectancy in the U.S. today is 78.7 years, with women living longer than men, 81 years compared with 77 years.
But that's a lot longer than Americans' life expectancy back in 1970, which was 70.8 years.
With Americans living longer, often into their 80s and 90s, advisers are piping up about a so-called "40-year retirement," meaning they'll need a lot more cash saved up for retirement.Also see: Bank Savings Low, Americans Dip Into Retirement Savings Also see: How to Keep Inflation From Killing Your Retirement
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