The Hill News

Nobody wants to get old, but few want to die young. So every birthday, we all just fondly remember the good old days as we thank our lucky stars that we made it another year.

Retirement policy in this country (and in the world) needs another look. 

More and more people are living to the age of 100. If someone retires at 60 and lives to a hundred, that means they are retired for about the same amount of years as they worked. The kicker is that they probably only had their top earnings in about 10 of those years. 

If you did a poll of 70-year-olds and asked them the question what their biggest concern is, I bet you a fairly high percentage of them would say, “outliving my money.”

That ain’t how it’s supposed to be.

Read more...