A 65-year-old man today can expect to live to 84; a woman will typically live to 86. One out of four 65-year-olds will live past 90 and one in 10 will live to at least 95. With good planning, these could be the best years of a person’s life.
If you want to learn how to help your retirement strategy supplement your retirement income, you may want to think about protecting your income with an annuity.
Social Security Administration, Calculators: Life Expectancy, 2019