Planning for a A Long, fulfilling life
What Is Longevity Planning
Human lifespan is the maximum number of years an individual from the human species can live based on observed examples. Lifespan holds for all living humans. As reported in Wikipedia, one verified person has reached the age of 122, the oldest so far.
Life expectancy refers to an estimate or an average number of years a person can expect to live. It’s affected by personal factors like your family history, your environment, your diet, and even your age and sex. US average life expectancy is about 79, according to the National Center for Health Statistics. Social Security reports:
- A man reaching age 65 today can expect to live, on average, until age 84.0.
- A woman turning age 65 today can expect to live, on average, until age 86.5.
- About one out of every three 65-year-olds today will live past age 90, and about one out of seven will live past age 95.
Longevity planning focuses on helping you make the most of the years left to you by taking the long view where your finances are concerned, beyond the first few years of retirement.
Why Is Longevity Planning Important
It’s about taking a close look at the resources you may need to maintain quality of life, such as home healthcare services, assisted living or arranging aging-in-place renovations for your home, protection against financial fraud, and other aspects.
VIDEO: What longevity means today
The Outcome of Longevity Planning
We help you address the difficult questions concerning your future care and health. We serve as the focal point to help you and your family work through the issues and determine the best solutions. See also our “Living Your Legacy” page in our Resources section.
Raymond James worked with the MIT AgeLab’s Retirement and Longevity Planning project to help our clients organize their approach and plan for this issue. Feel free to download these documents and share them with family and friends:
- Raymond James Longevity Planning Resources.
- Raymond James Longevity Planning Brochure.
- Raymond James Longevity Resources Client Questionnaire.
In addition, Anne Bedingers’s Certified Aging-In-Place Specialist (CAPS) Designation through the National Association of Home Builders (NAHB) has given her the knowledge of what it takes to modify a home to be able to live in it longer. She has the ability refer clients to other professionals (e.g., builders, architects, designers) who have the CAPS certification.
To start, it could help you and your family to talk about these longevity questions:
Making the Most of Medicare's Open Enrollment Period
Tailored financial protections for your most important asset
Secure a plan for your family's future
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