Life Expectancy & Longevity

TL;DR

This video discusses life expectancies and longevity in retirement, highlighting the importance of funding for the potential of living into your 90s.

Transcript

g'day and welcome to this week's video this week we're gonna have a look at life expectancies and also longevity throughout retirement now we've spoken a lot about how long our money may last in previous videos and I'll see some of the key influences there is I'll see how much you put away prior to retirement how long you are in retirement which is... Read More

Key Insights

• 🕵️‍♀️ Females have an average life expectancy in the mid-80s, while men are slowly catching up.
• 🤕 If you make it to age 85, your life expectancy thereafter is seven years, taking you into your early 90s.
• 🫒 The longer you live, the longer you will live, emphasizing the need for proper funding in retirement.
• 🧑‍🏭 Calculators on the internet can help estimate potential longevity based on various factors such as location, hereditary issues, diet, and physical activity.
• 😨 Many aged care facilities have residents in their 90s, indicating that living into your 90s is a realistic possibility.
• 🌱 Planning for a longer retirement and considering funding needs is crucial to ensure financial security in your 90s and beyond.
• 👋 Living a healthy lifestyle can improve the chances of reaching and maintaining good health in your 90s.

Questions & Answers

Q: What are the average life expectancies for females and males?

The average life expectancies for females are in the mid-80s, while men are slowly catching up. However, if you make it to age 85, your life expectancy thereafter is seven years, taking you into your early 90s.

Q: Why is funding for longevity in retirement important?

Funding for longevity in retirement is important because the longer you live, the longer you will live. It is essential to have enough financial resources to support yourself in your 90s and beyond.

Q: How can calculators on the internet help estimate potential longevity?

Calculators on the internet take into account various factors such as location, hereditary issues, diet, and physical activity to provide an estimate of potential longevity. They can give individuals an idea of how long they might live based on these factors.

Q: Are there examples of aged care facilities with residents in their 90s?

Yes, many aged care facilities have residents in their 90s, which indicates that living into your 90s is a possibility. This highlights the importance of planning and funding for a longer retirement.

Summary & Key Takeaways

• The average life expectancies for females are in the mid-80s and men are slowly catching up, but if you make it to age 85, your life expectancy thereafter is actually seven years, taking you into your early 90s.

• Many aged care facilities have residents in their 90s, indicating that the longer you live, the longer you will live, emphasizing the need for proper funding.

• Calculators on the internet can help estimate your potential longevity based on factors such as location, hereditary issues, diet, and physical activity.