Assuming you’ll retire healthy isan expensive mistake
2 years, 8 months ago

Assuming you’ll retire healthy isan expensive mistake

Live Mint  

After a working life of hard graft, it is only natural to look forward to health, wealth and happiness in retirement. According to the Institute for Public Policy Research think tank, only 16% of women born today will reach retirement age in good health. Added to which, healthy life expectancy has risen more slowly — the average British woman can expect to live the whole of her last decade in poor health. Although it is less common these days, some people purchase an annuity with a pension lump sum to provide them with a guaranteed income for life. Some studies have purported to show that retiring early not only increases overall life expectancy but can also increase healthy life expectancy.

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