Make sure money lasts so you can enjoy longer life

Life expectancy has increased over recent decades in developed countries. Assuming we are healthy and of sound mind, living to a ripe old age does have appeal – more time to enjoy your retirement years in France!

There are, however, implications at both personal and government levels, with the key issue being: will we be able to afford it?

Official French statistics show that the average remaining life expectancy at 60 years is 23.2 for men and 27.6 for women; living to 83 and 87 respectively – three years longer than for 60-year olds in 1999.

UK government statistics put the average life expectancy of men aged 65 in 2017 at 83 and women at 86, while Britons aged 90 could expect to live another four years. And of course, these are just averages; half of us will live longer.

This is all well and good but it means we need our savings to last longer than we may have expected. Assessing whether your resources are on track to last your lifetime will give you peace of mind.

Income and inflation

Do you want just enough each month to live comfortably in retirement, or perhaps a bit extra to afford some luxuries? Would a modest income suffice provided you have access ...

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