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Living Too Long?

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The U.S. has more centenarians than anywhere else in the world, with 18 per 100,000, according to the Census Bureau (2010).  And it’s creating nightmares about end of life care. John Shoven of the Stanford Institute for Economic Policy Research points out that you cannot finance a 30-year retirement with a 40-year career. But as Shoven’s colleague, Martha Deevy, says, “that’s exactly what we’re trying to do. You’ve got to work longer. You’ve got to earn more.”

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Read more from our associate, Martin Lowenthal, MSIM, CLU, CLTC