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Reply to "What is a realistic life expectancy assumption. 90, 120, or more?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Good question, I count in steps of 30. Planning 30-60-90. Money really only has to last from 70-90. If you make it to 120 - not sure how a society would be able to absorb all these old people. 50 years retirement is long. [/quote] That will blow up social security even more than it has been blown up. Can you imagine a society where all of these old people need a ton of care for 50 years each? Why would you want that? Maybe a pig heart can be transplanted into your body but your brain will definitely be fried. If you live past 100 it will be a few years. And your quality of life will probably not be great.[/quote] Retirement age will go up by 10y. Can start receiving SS at age 72 and full benefits at 77. [/quote]
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