Will you outlive your money?
What is the life expectancy of a 65-year-old man and woman? TIAA says the answer is 84 for men and 87 for women, based on estimates of life expectancy from the Social Security Administration that reflect longevity improvements for population groups over time.
People who make it to 65 will probably live longer. Couples tend to do even better: There’s a 25% chance that one member of a 65-year-old heterosexual couple in average health will survive to age 96.
In episode 175 of the Payne Points of Wealth, we tackle the key challenges of securing your financial future as you age. Everything from rising healthcare costs to inflation, and lifestyle choices can jeopardize your financial stability. Whether you’re nearing retirement or just starting to think about your long-term financial goals, this episode provides valuable advice and practical tips to help you make better-informed decisions about your wealth. Tune in to learn how to create a robust plan that supports your dreams and ensures a comfortable, worry-free future.
Hidden Facts of Finance
First-time buyers are in a crunch. Starter home prices would need to fall 32% to a median of $244,000 and mortgage rates would need to drop to 3.15% or incomes would need to rise by nearly 50% to make housing affordable for typical first time buyers, according to estimates by the NAR.
Earlier this year, Amazon bought a 960-megawatt data center campus from Talon Energy, which emerged from bankruptcy last year. The campus is powered directly by the town’s nearby Susquehanna Steam Electric Station, which generates 2.5 gigawatts of power. Ongoing power sales to Amazon will give the town a steady cash flow and Talon shares have tripled to over $150 since last fall.
