Besse Cooper of Monroe, GA, the oldest person in the world, recently turned 116 years old. What an awesome achievement!

Most people don’t think they will live this long, but what if they live to be over 100 or even 110. Do you think each one of these individuals are still drawing down their 401k or taking IRA distributions? How are they paying for their living expenses or their long term care? Do you think they planned to live that long?

There are over 70,000 people in the United States that are over the age of 100. And over 70 of those individuals will live to at least 110. So, as crazy as it sounds, it is not that uncommon anymore for one to achieve the “centenarian” status. Healthcare is getting more advanced and people are living longer than ever before. It probably won’t be surprising to see these numbers increase in the future.

This is just another reason to consider taking a portion of your retirement savings to purchase a fixed index annuity and give you or your client a guaranteed lifetime income stream. For more information on how you can eliminate the longevity risk of living past 100 and how you can live stress free knowing you will have a income every year until you die, call the Annuity Think Tank Team at (855) 888-6494 or email us at info@annuitythinktank.com. We are happy to help answer any questions you may have.

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