Lifespan for retirement plan

Impact of Longer Lifespans on Retirement Plans

There are many factors that can affect the amount you need to save for retirement. One factor that is often overlooked is the increasing average life expectancy.

Here is a great article about the impact of longer lifespans on our retirement plans:

Financial Post article

Canadians are living longer and it’s changing the financial equation for retirement

By Kate MacDonald

“…Today, one of the most taxing challenges that is often left out of the conversation is the impact of the change in average lifespan. According to Statistics Canada, today, the average Canadian will live until age 82, with the number of centenarians — those reaching the age of 100 — continuing to grow…”