What if you live too long?
Kane Tanaka is a Japanese supercentenarian . She was born on 2 January 1903 and at 116 years, is the world's oldest verified living person. She has lived through the two World Wars and a host of other tragic and happy events.
What if like Kane Tanaka you are blessed with the gift of longevity and live to say 100 or even beyond 116 years, in what state would your finances be?
Today, we all seem to underestimate how long we are likely to live in spite of the breakthroughs in medical science that suggest otherwise. For instance, according to www.worldlifeexpectancy.com Nigeria's life expectancy rate has grown from 38.7 in 1960 to 55.2 in 2016 corroborating the fact that we are indeed living longer than we used to.
So, what if you live too long?
Would your current savings plan provide you with the income you need to enjoy a life of comfort ?
In reality, planning for retirement is akin to planting a tree today not knowing if you will ever sit under its shade because we all are not able to tell whether we will enjoy the benefit of our retirement savings plan or not. Nevertheless, plan we MUST!!! and planning requires choosing the right partner and making the right investment and life choices.
The financial planning section of our blog will focus on helping you navigate the intricacies surrounding choosing a right savings plan and ensuring that even if you live too long you can rest assured that you have all your bases covered and the LiveSmart section will guide you through making the right choices life choices.
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