Important Steps to Make Sure Your Money Doesn’t Survive: Introducing the Financial Longevity Package ©

Important Steps to Make Sure Your Money Doesn’t Survive: Introducing the Financial Longevity Package ©

Today, financial portfolios and non-liquid assets, while obviously important, are only one of the critical elements that make up and affect the cash flow that you will absolutely need for your retirement income – cash flow that ensures that you do not outlive your money. Not anymore in the 21st Century.

In order not to outlive your money, you need to recognize and manage all of these critical elements.  Do this and you will have what we call a Financial Longevity Bundle© —Lifetime Cash Flow! Just over a decade ago in 2010, the U.S. Census reported 53,364 centenarians (people 100 years or older). Last year, in 2020, that number nearly doubled as it was reported that 90,000 over 100 years old were living in the U.S. That number continues to grow. By 2030, the population over 80 years old in the U.S. is expected to increase from 9.3 million to 19.5 million. You could be one of them.  

Living a long life is no longer wishful thinking. It is a valid belief. In the 21st Century, we are experiencing a longevity revolution. Life expectancies in the United States are on the rise. Reaching your 100th birthday is increasingly common. Deadly Error 2:       Grossly Insufficient Lifetime Saving

Deadly Error 1:       Disregarding Extended Longevity Below we outline 11 Deadly Errors to avoid  to ensure you don’t outlive your money.

The government continues to deduct more and more for Social Security and Medicare.
I have no money left after 401(k) / retirement plan contributions, taxes, increasing healthcare costs and inflation.
How can I save anything when I have a family to support? In the U.S., savings and investments have declined significantly as a percentage of Gross Domestic Product (GDP) over the last 40 years. Savings and investments have all but collapsed since the 2008 financial crisis. The excuses often heard: 

Levels of lifestyles barely financed at the peak of your income are difficult to maintain on reduced cash flow needed to last for possibly 40 years. A painful symbol of this is the financial drain of a large long-term mortgage on a house that was barely affordable when purchased. Deadly Error 3:       Unaffordable Mortgages / Lifestyle Lack of savings is particularly prominent in youth who suffer from a need for immediate gratification fed by technology which conveniently delivers to the door. Large college loans, irresponsible spending and social pressure – all contribute to a corrosive savings malaise.

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