News » 100 is the new 80
100 is the new 80
Medical science can now replace over 40% of our bodies when things go wrong and being able to replace over 90% is believed to be only 30 years away. Implications will be that the retirement age of 65 will become irrelevant.
Many can expect to work well into their 70s, firstly because their physical abilities will allow them to and secondly because we will live 20-30 years in retirement and simply won't be able to afford to give up our incomes at 65.
So what is this leading to? It's that the insurance and savings products you have may or may not still be appropriate. We phone regularly to invite you to do a financial review. Some clients think that this is just so we can sell you more stuff. The reality is that you MUST undertake a review regularly if you want to retire with a good lifestyle and adequately cover the unforeseen tragedies that might befall you.