The Truth About Social Security & Life Expectancy

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The Truth About Social Security & Life Expectancy

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44 Views • Dec 23, 2024 • Click to toggle off description

What's interesting is when you look at the male life expectancy for somebody who is 62 years old; it's 83 and a half. For a female, it's 86.2. And then you can see what the expected life expectancy is if a person is currently 66 years old, and at age 70. But what's interesting is that when you look at all these different life expectancies, they kind of fit pretty closely into what Doug Lemons found. Essentially, what that means is I don't think the Social Security Administration was a bunch of dummies when they figured out what you would get for income at certain ages, because they're just using actuaries to tell them how much they will have to pay out based on the average life expectancy at any given moment in time.

#SocialSecurity #RetirementPlanning #FinancialAdvice #BreakEvenAge #RetirementIncome #SocialSecurityBenefits #FinancialLiteracy #RetirementTips #DougLemons #finance #investing #shorts #retirement #retirementplanning #financialeducation #taxfreeretirement

DISCLAIMER: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop.

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Genre: News & Politics
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Uploaded At Dec 23, 2024 ^^

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RYD date created : 2024-12-24T16:47:09.078829Z
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