http://www.consumerismcommentary.com/2005/12/01/a-look-at-the-number-part-3/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 20:49:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.consumerismcommentary.com/2005/12/01/a-look-at-the-number-part-3/#comment-1257 Nick Tue, 06 Dec 2005 22:50:47 +0000 http://wp.consumerismcommentary.com/?p=666#comment-1257 For some reason, I don't like the comment that those people would have died of old age by now. A life expectancy of 18 doesn't necessarily mean that people are dying of old age. High infant mortality would drag the average life expectancy down. For some reason, I don’t like the comment that those people would have died of old age by now. A life expectancy of 18 doesn’t necessarily mean that people are dying of old age. High infant mortality would drag the average life expectancy down.

]]> http://www.consumerismcommentary.com/2005/12/01/a-look-at-the-number-part-3/#comment-1256 Lauren Fri, 02 Dec 2005 16:46:26 +0000 http://wp.consumerismcommentary.com/?p=666#comment-1256 I thought it was crazy when my financial advisor set us up on a simulation that assumed we'd live to 98! That's a whole lot of retirement to save up for, unless like you say, we begin to stay in the workforce into the 70s and 80s. The problem is, however, that a huge proportion of people in their 80s and 90s start to develop diseases like Alzheimer's, which would render them unable to work. Even if life expectancy rises, I do not expect these types of problems to diminish. I suppose that's why companies like Genentech are booming :) I thought it was crazy when my financial advisor set us up on a simulation that assumed we’d live to 98! That’s a whole lot of retirement to save up for, unless like you say, we begin to stay in the workforce into the 70s and 80s. The problem is, however, that a huge proportion of people in their 80s and 90s start to develop diseases like Alzheimer’s, which would render them unable to work. Even if life expectancy rises, I do not expect these types of problems to diminish. I suppose that’s why companies like Genentech are booming :)

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