Once an American woman gets to 65 years old, life expectancy is an additional 20.6 years, according to the Centers for Disease Control and Prevention. For men, it's 18 years. Source: USA Today, published Oct. 31, 2017.
A couple that retired in 2015, both aged 65, will spend an estimated $245,000 on healthcare throughout retirement. Retirees are living longer. Increased costs for insurance, care and prescription drugs are driving costs higher. Your financial plan should account for healthcare costs and inflation on those costs throughout your retirement years. Source: Fidelity
Studies show the track record for individual investors is not encouraging. DALBAR, a leading financial services marketing research firm, released a study that showed from 1990 to 2010, the unmanaged S&P 500 Index earned an average of 7.81% annually. Over that same period, the average equity investor earned a paltry 3.49% annually. Source: Investopedia.com