“That makes it really hard for me to tell people to save, save, save.”Investment companies want as much of our money as possible, so it makes sense for them to promote the idea that all or even most of us should aim for triple-digit ages and save accordingly. Uncertainty about longevity is just one of many unknowns in financial planning, says Bob Veres, a financial planning industry consultant and publisher of the trade publication Inside Information. Now 95 and even 100 are common defaults when financial planners tell people how much to save for retirement. #factsoflife Tuesday, July 19, 2016 Should you save enough to live to 100? That notion so offends adviser Carolyn McClanahan that she confronted a speaker at a financial planning conference who contended that death at 100 should be the default assumption.

Source: Bueno Aires Herald July 19, 2016 03:06 UTC