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What Will You Do in Retirement? Your Money Depends on It.
The New York Times • • business
Key Points:
- The average 65-year-old American today can expect to live about 18.5 years for men and 21 years for women, which is significantly longer than in 1970, reflecting increased longevity.
- This extended lifespan means many retirees may spend around 20 years or more in retirement, a period comparable to the total post-65 lifespan of their grandparents.
- Many retirees face challenges in filling this lengthy retirement period, especially if they have not planned for their lifestyle and goals beyond work.
- Experts emphasize the importance of setting clear retirement goals and having conversations about what is truly important to ensure a fulfilling retirement experience.
