As the average life expectancy increased people will need to plan for retirement. One depressing but necessary aspect of retirement planning involves calculating the number of years a client expects to live and figuring out how much money they will need for living expenses. Calculating life expectancy involves factoring in a large number of variables. There is no single method for calculating life expectancy. This column discusses the different methods of calculation used by the government and the life insurance industry.
See Stephen Terrell, Understanding the Longevity Calculation, Wealth Management, June 16, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
