The idea of growing older gracefully is much different today than it was just a few decades ago. The average American lives into their late 70’s or early 80’s. And, with hearty genes, healthy habits, and appropriate care it is not uncommon to see people live into their 90’s. Genealogy in Time Magazine reports that roughly 1 person in every 6,000 lives to be 100, which is more than 10 times the 1 person in every 67,000 we saw 50 years ago.
What does this mean to us? We need to be prepared for the possibility that our retirement years may last just as long, perhaps even longer, than our careers. The traditional senior living accommodations may not be sufficient. We need to plan carefully for this new reality.