life span http://www.wisebread.com/taxonomy/term/19613/all en-US Losing Your Nest Egg Could Kill You: Here's How to Prevent It http://www.wisebread.com/losing-your-nest-egg-could-kill-you-heres-how-to-prevent-it <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/losing-your-nest-egg-could-kill-you-heres-how-to-prevent-it" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_with_a_piggy_bank.jpg" alt="Man with a piggy bank" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When experiencing a financial setback, people often say, &quot;At least we still have our health.&quot;</p> <p>Disturbingly, a new study reveals that losing wealth can lead to losing health as well.</p> <p>A paper recently published in the Journal of the American Medical Association found that people over 50 who experienced a &quot;negative wealth shock,&quot; such as an investment portfolio that goes south or a business failure, had a higher risk of death from all causes than folks whose finances did better. In fact, those who lost three quarters of their net worth or more over a two-year period were 50 percent more likely to die during the study than people whose finances did better. In an editorial, a Harvard doctor compared the loss of wealth to a diagnosis of heart disease in terms of predicting an early demise.</p> <p>How is it that losing money could lead to losing your life? Further research is needed to determine how one thing leads to another, the paper's authors said. However, one perhaps unsurprising connection the study revealed was that people who lose a significant portion of their wealth are more likely to experience &quot;depressive symptoms.&quot; The authors also suggest that people who are short on money don't seek all the health care they need, because they worry they won't be able to afford it.</p> <p>Health care in retirement is likely to cost more than most of us realize, other research shows. You will probably spend most of your Social Security benefits on health care in the form of copays, supplemental insurance premiums, and prescription drugs.</p> <p>No one builds up a nest egg with the plan to lose 75 percent of it. Yet, this is exactly what happened to a startling 28 percent of subjects in the study. How can you avoid a potentially fatal late-life wealth shock?</p> <h2>Use target-date index funds</h2> <p>These funds, offered by Vanguard and other investment banks, offer a low-cost way to keep your assets at the appropriate level of risk for your age. You simply punch in the year you expect to retire, and you get the right mix of stocks, bonds, and other investment assets. As years pass, the fund managers will rebalance the assets to keep the level of risk appropriate. (See also: <a href="http://www.wisebread.com/start-planning-now-for-when-your-target-date-fund-ends?ref=seealso" target="_blank">Start Planning Now for When Your Target-Date Fund Ends</a>)</p> <h2>Meet with a financial planner to assess your situation</h2> <p>Some people think they have saved adequately for retirement or that their investments are age-appropriate, only to be in for an unpleasant shock down the road. If you haven't done so before, your 50th birthday is a great time to sit down with a planner, assess your retirement savings, and make a plan for protecting it against a negative wealth shock.</p> <p>Fee-only planners rather than commission-based advisers are great, because you want someone who will recommend the best solutions without any incentive to sell you products that pay them a commission. (See also: <a href="http://www.wisebread.com/3-reasons-to-be-picky-when-hiring-a-financial-planner?ref=seealso" target="_blank">3 Reasons to Be Picky When Hiring a Financial Planner</a>)</p> <h2>Consider long-term care insurance</h2> <p>A common way for older people to lose their wealth is an unexpected long illness or disability. Medicare will only pay for a limited amount of nursing home care. If you are worried that you will lose your nest egg to a lengthy nursing home stay for you or your spouse, it may be worth looking at <a href="http://www.wisebread.com/is-long-term-care-insurance-worth-it?ref=internal" target="_blank">long-term care insurance</a>.</p> <h2>Beware scams targeted at seniors</h2> <p>They often start with a phone call. Familiarize yourself with the most common scams targeted at retirees, such as Medicare scams, fake retirement investment plans, funeral scams, reverse mortgage scams, and the insidious call from a fake grandchild. (See also: <a href="http://www.wisebread.com/how-to-protect-elderly-loved-ones-from-financial-scams?ref=seealso" target="_blank">How to Protect Elderly Loved Ones From Financial Scams</a>)</p> <h2>Avoid risky investments</h2> <p>Collectibles, startup companies, and businesses you know little about are all generally outside of the recommended retirement savings plan. Inappropriate investments can be particularly tempting if a family member or other close friend wants you to invest. If you think an investment is really worth consideration, sit down with a planner who has experience in that specific type of investment before committing.</p> <h2>Make sure you have enough liability insurance</h2> <p>Another misfortune that could decimate your retirement savings is an accident that leads to a lawsuit. Check with your insurance agent to make sure you have adequate liability insurance. Agents often advise that you add an umbrella policy, which takes over after you hit the liability limit of your auto or homeowner's policy, at least equaling your net worth. A million-dollar umbrella policy costs about $200 a year. (See also: <a href="http://www.wisebread.com/beware-your-insurance-may-not-cover-these-8-losses?ref=seealso" target="_blank">Beware: Your Insurance May Not Cover These 8 Losses</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Flosing-your-nest-egg-could-kill-you-heres-how-to-prevent-it&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FLosing%2520Your%2520Nest%2520Egg%2520Could%2520Kill%2520You_%2520Here%2527s%2520How%2520to%2520Prevent%2520It.jpg&amp;description=Losing%20Your%20Nest%20Egg%20Could%20Kill%20You%3A%20Here's%20How%20to%20Prevent%20It"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Losing%20Your%20Nest%20Egg%20Could%20Kill%20You_%20Here%27s%20How%20to%20Prevent%20It.jpg" alt="Losing Your Nest Egg Could Kill You: Here's How to Prevent It" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/losing-your-nest-egg-could-kill-you-heres-how-to-prevent-it">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-16"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-to-invest-in-stocks-past-age-50">7 Reasons to Invest in Stocks Past Age 50</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-avoid-these-3-investment-worries-that-will-derail-your-retirement">How to Avoid These 3 Investment Worries That Will Derail Your Retirement</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-treat-your-social-security-benefits-like-a-bond">Should You Treat Your Social Security Benefits Like a Bond?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-youre-never-too-old-to-buy-stocks">7 Reasons You&#039;re Never Too Old to Buy Stocks</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-kinds-of-insurance-every-retiree-should-consider">5 Kinds of Insurance Every Retiree Should Consider</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement high mortality liability life span long-term care insurance loss of income risk scams target date funds umbrella insurance Mon, 07 May 2018 08:31:19 +0000 Carrie Kirby 2136124 at http://www.wisebread.com 7 Surprising Ways Retirement Has Gotten Easier http://www.wisebread.com/7-surprising-ways-retirement-has-gotten-easier <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-surprising-ways-retirement-has-gotten-easier" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/for_the_love_of_dance.jpg" alt="For the love of dance" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you read the financial headlines, you'll get the sense that retirement may be a disaster for many Americans. With a decline in employer-provided pensions and uncertainty over the future of government benefits, many older Americans are rightfully concerned about whether they will be able to retire comfortably.</p> <p>But there is considerable evidence that the experience of retiring is actually much better than in the past. Medical advancements are helping people live longer, and technology is helping to keep seniors connected to the world. And there are more resources for retirees than ever before. (See also: <a href="http://www.wisebread.com/how-to-overcome-these-4-common-retirement-fears?ref=seealso" target="_blank">How to Overcome These 4 Common Retirement Fears</a>)</p> <p>Let's examine these ways in which retirement has improved.</p> <h2>1. It's lasting longer</h2> <p>There was a time not too long ago when people would work into their 60s and pass away within a decade or so. But these days, it's not uncommon for people to retire at age 60 and live another 30 years or more. Statistics from the Social Security Administration show that the average 65-year-old man will live another 19 years in retirement, up from 15 years two decades ago. That's a lot of time to travel, connect with the grandkids, and pursue all of the hobbies and interests you've been neglecting. While this longer retirement places pressure on people to save more, it's obviously a boon to seniors who have worked hard and deserve a lengthy retirement. (See also: <a href="http://www.wisebread.com/5-ways-american-retirement-is-changing?ref=seealso" target="_blank">5 Ways American Retirement Is Changing</a>)</p> <h2>2. Your living options are better</h2> <p>As the population has gotten older, there has been a recognition that older citizens need different kinds of living arrangements that offer them support while still preserving independence. There is now a whole growing industry surrounding assisted living and elder care that involves more than just nursing homes. Older people have the option of living at home with some help, or moving into special communities that allow them to live freely while having access to care as they need it. In many cases, older people can move into a community while they are still healthy and active, and remain there as they begin to need more care. While some of these arrangements can be expensive, they have allowed many seniors to maintain an active lifestyle and remain connected socially well into their retirement years. (See also: <a href="http://www.wisebread.com/a-granny-pod-may-be-the-smartest-way-to-care-for-an-elderly-parent?ref=seealso" target="_blank">A Granny Pod May Be the Smartest Way to Care for an Elderly Parent</a>)</p> <h2>3. The internet has kept us connected</h2> <p>Seniors can FaceTime with their grandkids. They can watch YouTube videos to get gardening or cooking tips. They can use the internet for genealogy research, and share photos of their travels. There are even dating apps for older singles. While technology is moving fast and not always user-friendly for seniors, our new connected way of life has benefited older Americans by expanding their options for activities and keeping them less isolated. The Pew Research Center this year reported that 58 percent of seniors feel that technology has had a positive benefit on society, and nearly half say broadband internet access is an important thing to have.</p> <h2>4. Travel is easier</h2> <p>While it's true that airport security has made air travel more hectic in recent years, there are other aspects of travel that have gotten easier for seniors. The internet has made booking flights and hotels effortless, and competition among online travel sites has made it easier to find great prices. The explosion of the cruise industry has been great for seniors, and touring companies have become smarter about accommodating the various needs of older travelers. The World Economic Forum also noted that transportation infrastructure improvements worldwide has made traveling easier for seniors over the years. (See also: <a href="http://www.wisebread.com/6-ways-travel-in-retirement-keeps-you-young?ref=seealso" target="_blank">6 Ways Travel in Retirement Keeps You Young</a>)</p> <h2>5. Health care is better</h2> <p>Yes, there are still problems with our health care system. But there's no mistaking that we've made great progress over the years in identifying and treating many ailments and diseases. We've also made it easier for seniors to access and afford care. Consider that before 1965, older Americans did not have access to Medicare to help pay for care and treatments, and it was not until 2006 when a prescription drug benefit became available. All of this has not only helped many people live longer, but maintain a more active and healthy lifestyle deep into retirement. (See also: <a href="http://www.wisebread.com/follow-these-5-steps-to-full-health-care-coverage-in-retirement?ref=seealso" target="_blank">Follow These 5 Steps to Full Health Care Coverage in Retirement</a>)</p> <h2>6. It's no longer all or nothing</h2> <p>It used to be that retirement was a 100 percent proposition. It was either work full-time, or not at all. Now, seniors can ease their way into retirement, or even stay merely semiretired, thanks to the growth of freelance work and the &quot;gig&quot; economy. The internet has opened up more opportunities for freelance writing and consulting. Uber, the popular ride sharing company, estimates that 25 percent of its drivers are over age 50. And retailers including Amazon are increasingly seeking seasonal help that might offer opportunities for older people. (See also: <a href="http://www.wisebread.com/6-great-retirement-jobs?ref=seealso" target="_blank">6 Great Retirement Jobs</a>)</p> <h2>7. People are looking out for you</h2> <p>In the last half century or so, there's been growth in the number of organizations advocating for older citizens. There's the American Association of Retired Persons (AARP), which has become one of the most powerful advocacy groups in the country. There's the Village to Village Network, which encourages the formation of thriving communities for seniors. Meanwhile, local governments have formed agencies specifically dedicated to the lives of senior citizens in their communities. While there is always debate about whether we can do more for older citizens, there's no doubt that resources have become more plentiful and available over the years.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-surprising-ways-retirement-has-gotten-easier&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520Surprising%2520Ways%2520Retirement%2520Has%2520Gotten%2520Easier.jpg&amp;description=7%20Surprising%20Ways%20Retirement%20Has%20Gotten%20Easier"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Surprising%20Ways%20Retirement%20Has%20Gotten%20Easier.jpg" alt="7 Surprising Ways Retirement Has Gotten Easier" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/7-surprising-ways-retirement-has-gotten-easier">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-financial-steps-to-take-before-retiring-abroad">13 Financial Steps to Take Before Retiring Abroad</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-longevity-is-changing-retirement-planning-and-what-to-do-about-it">5 Ways Longevity Is Changing Retirement Planning (And What to Do About It)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-overcome-these-4-common-retirement-fears">How to Overcome These 4 Common Retirement Fears</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-retirement-struggles-nobody-talks-about-and-how-to-beat-them">5 Retirement Struggles Nobody Talks About — And How to Beat Them</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-actions-women-can-take-right-now-to-get-their-retirement-on-track">5 Actions Women Can Take Right Now to Get Their Retirement On Track</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement aarp elderly health care improvements life span lifestyle long term care longevity seniors technology travel Fri, 26 Jan 2018 10:00:10 +0000 Tim Lemke 2091492 at http://www.wisebread.com Here's How Far $1 Million Will Actually Go in Retirement http://www.wisebread.com/heres-how-far-1-million-will-actually-go-in-retirement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-far-1-million-will-actually-go-in-retirement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/nest_made_of_american_currency_horizontal_0.jpg" alt="Nest Made of American Currency Horizontal" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>For years, saving $1 million for retirement has been on my nest egg to-do list. Using the 4 percent rule, where you withdraw 4 percent of your savings each year during retirement, a million dollars would produce a hypothetical income lasting up to 33 years. That seems like a nice round number and reasonable goal, especially with the traditional retirement age holding steady at 65 and the average American living for 20 years after retiring.</p> <p>However, depending on where you live, $1 million may not last very long at all. So before you dive into your golden years, you should make sure you know exactly how far your savings will take you. (See also: <a href="http://www.wisebread.com/how-much-can-you-afford-to-spend-in-retirement?ref=seealso" target="_blank">How Much Can You Afford to Spend in Retirement?</a>)</p> <h2>Where you live matters most</h2> <p>GoBankingRates compared the cost of basic living expenses in each state and found the length of time a million dollars lasts varies significantly across the country. In Hawaii, a state with the highest cost of living index, you could run out of cash in under 12 years. Unless camping out on the beach while subsisting on pineapples is your thing, Hawaii may not be the best option.</p> <p>On the other hand, there's Mississippi. That same nest egg would last 26 years in the Magnolia State. Mississippi has the lowest cost of living index in the country. A retiree could live comfortably paying just $11,000 a year for housing. You may not be able to visit the white sandy beaches of Oahu, but the Gold Coast is nothing to sneeze at.</p> <h2>Other expenses to plan for in retirement</h2> <p>In addition to housing, the cost of living index accounts for basic necessities like food, taxes, and health care. Some states, like Vermont, tax Social Security benefits. Florida residents have the lowest Social Security payout, but they don't pay state taxes on those benefits.</p> <p>Access and affordable health care options, senior transportation, and job opportunities for people over 65 are other financial aspects to keep in mind according to the Best Cities for Successful Aging index. Durham-Chapel Hill clocks in at one of the top spots in their list of best retirement cities. Retirees are attracted to the mild climate, low state and property taxes, and ample access to world-class medical facilities. Your $1 million nest egg would last nearly 24 years in this area. (See also: <a href="http://www.wisebread.com/9-unexpected-expenses-for-retirees-and-how-to-manage-them?ref=seealso" target="_blank">9 Unexpected Expenses for Retirees &mdash; And How to Manage Them</a>)</p> <h2>Calculating your retirement goal</h2> <p>I like my hometown. Chicago may not top the charts on any best-place-to-retire mega list, but access to my extended family, proximity to my future grandchildren, and a vibrant walkable city with great public transportation options may still be quality of life factors I value in my golden years. Staying put may be desirable even if your hometown doesn't make a &quot;where to retire&quot; hot list on the internet. Determining your retirement savings goal should start with where you plan to live and how much it will cost to live there.</p> <p>Roger Wohlner, a financial adviser with The Chicago Financial Planner, advises would-be retirees to consider a number of options. Calculating a retirement savings goal is different for everyone.</p> <p>&quot;Are you going to have a mortgage? Are you going to move somewhere else and downsize? What are you going to spend your money on? It's really no different from how you live pre-retirement,&quot; he says.</p> <p>Most of all, he suggests we factor in health care costs into any post-employment savings projections. &quot;As you get older, [medical expenses] are more pronounced in retirement,&quot; Wohlner says.</p> <p>Fidelity's annual study on health care costs found that a retired couple can expect to spend $275,000 on medical expenses during retirement, not including long-term care. And health care costs are rising well beyond the rate of inflation: The increase in medical spending from 2016 to 2017 alone was $15,000.</p> <p>With your basic living expenses in mind, estimated health care projections, and a few dollars thrown in for hobbies &mdash; like traveling or spoiling the <em>grands</em> &mdash; head to your nearest online retirement calculator.</p> <p>Experts suggest that a comfortable retirement lifestyle will require 70 to 80 percent of your current annual salary. Using a simple <a href="https://www.calcxml.com/calculators/retirement-calculator" target="_blank">retirement calculator</a>, you can figure out what your savings goal should be based on your savings starting point and estimated withdrawal needs. With a custom retirement savings goal in hand, you can start to determine if $1 million is still a workable goal, relocation is in your retirement future, or you need to revise your current savings strategy. (See also: <a href="http://www.wisebread.com/how-much-should-you-have-saved-for-retirement-by-30-40-50?ref=seealso" target="_blank">How Much Should You Have Saved for Retirement by 30? 40? 50?</a>)</p> <p>In either case, determining your retirement goal should be an annual exercise, according to financial experts like Roger Wohlner. &quot;This is not something you just do once. Circumstances change. People should really be updating this calculation every year,&quot; he says.</p> <p>If entering your golden years with $1 million in savings doesn't work out in a desirable U.S. location, consider retiring abroad to one of many affordable countries where your savings will stretch even further. (See also: <a href="http://www.wisebread.com/5-countries-where-you-can-retire-for-1000-a-month?ref=seealso" target="_blank">5 Countries Where You Can Retire for $1,000 a Month</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fheres-how-far-1-million-will-actually-go-in-retirement&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FHeres%2520How%2520Far%2520%25241%2520Million%2520Will%2520Actually%2520Go%2520in%2520Retirement.jpg&amp;description=Heres%20How%20Far%201%20Million%20Dollars%20Will%20Actually%20Go%20in%20Retirement"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Heres%20How%20Far%20%241%20Million%20Will%20Actually%20Go%20in%20Retirement.jpg" alt="Here's How Far $1 Million Will Actually Go in Retirement" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/toni-husbands">Toni Husbands</a> of <a href="http://www.wisebread.com/heres-how-far-1-million-will-actually-go-in-retirement">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-11"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-myths-about-money-in-retirement">5 Myths About Money in Retirement</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-saving-money-is-harder-today">Why Saving Money Is Harder Today</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-almost-anyone-can-afford-to-retire-in-mexico">How Almost Anyone Can Afford to Retire in Mexico</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-to-invest-in-stocks-past-age-50">7 Reasons to Invest in Stocks Past Age 50</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-you-should-budget-your-social-security-checks">Here&#039;s How You Should Budget Your Social Security Checks</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement cities cost of living expenses health care income life span old age relocation saving money withdrawal rate Tue, 28 Nov 2017 10:00:06 +0000 Toni Husbands 2059323 at http://www.wisebread.com 7 Reasons to Invest in Stocks Past Age 50 http://www.wisebread.com/7-reasons-to-invest-in-stocks-past-age-50 <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-reasons-to-invest-in-stocks-past-age-50" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_sitting_on_floor_with_piggy_bank_under_money_rain.jpg" alt="Man sitting on floor with piggy bank under money rain" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Conventional investing wisdom says that as people age, they should put less of their money in stocks and more into stable investments such as bonds and cash. This is sound advice based on the idea that in retirement you want to protect your assets in case there is a major market downturn.</p> <p>But there are still strong arguments to continue investing in stocks even as you get older. Few people recommend an all-stock portfolio, but reducing stock ownership down to zero doesn't make sense, either.</p> <p>Consider that many mutual funds geared toward older investors still comprise hefty doses of stocks. The 2020 Retirement Fund from T. Rowe Price, for example, is made up of 70 percent stocks for retirees at age 65, and is still made up of 25 percent stocks when that same retiree is past 90 years of age.</p> <p>Why does owning stocks make sense even for older investors? Let's examine these possible motivations.</p> <h2>1. You're going to live a lot longer</h2> <p>If you are thinking about retirement as you approach age 60, it's important to recognize that you still may have several decades of life remaining. People are routinely living into their 90s or even past 100 these days. Do you have enough savings to last 40 years or more? While it's important to protect the assets you have, you may find that higher returns from stocks will be needed in order to accrue the money you need.</p> <h2>2. You got a late start</h2> <p>If you started investing early and contributed regularly to your retirement accounts over the course of several decades, you may be able to take a conservative investing approach in retirement. But if you began investing late, your portfolio may not have had time to grow enough to fund a comfortable retirement. Continuing to invest in stocks will allow you to expand your savings and reach your target figure. It still makes sense to balance your stocks with more conservative investments, but taking on a little bit more risk in exchange for potentially higher returns may be worth it. (See also: <a href="http://www.wisebread.com/7-retirement-planning-steps-late-starters-must-make?Ref=seealso" target="_blank">7 Retirement Planning Steps Late Starters Must Make</a>)</p> <h2>3. Other investments don't yield as much as they used to</h2> <p>Moving away from stocks was good advice for older people back when you could get better returns on bonds and bank interest. The 30-year treasury yield right now is about 2.75 percent. That's about half what it was a decade ago and a third of the rate from 1990. Interest from cash in the bank or certificates of deposit will generate a measly 1.5 percent or less. The bottom line is that these returns will barely outpace the rate of inflation and won't bring you much in the way of useful income.</p> <h2>4. Some stocks are safer than others</h2> <p>Not all stocks move up and down in the same way. While stocks are generally more volatile than bonds and cash, there are many that have a strong track record of steady returns and relative immunity from market crashes. Take a look at mutual funds comprised of large-cap companies with diversified revenue streams. Consider dividend-producing stocks that don't move much in terms of share price, but can generate income. To find these investments, search for those that lost less than average during the Great Recession and have a history of low volatility.</p> <h2>5. Dividend stocks can bring you income</h2> <p>Dividend stocks are not only more stable than many other stock investments, but also they can generate cash flow at a time when you're not bringing in other income. A good dividend stock can produce a yield of more than 4 percent, which is more than what you'll get from many other non-stock investments right now. This will help ensure the growth of your portfolio is at least outpacing inflation.</p> <p>If you are unsure about which dividend stocks to buy, take a look at a well-rated dividend mutual fund. The T. Rowe Price Dividend Growth Fund [NYSE: PRDGX], for example, has a three-year total return of more than 10 percent, outpacing the S&amp;P 500. Its overall returns also dropped less than the S&amp;P 500 during the Great Recession.</p> <h2>6. Busts are often followed by bigger booms</h2> <p>A person who retired 10 years ago would have stopped working right when the market crashed, and there's a good chance they may have lost a significant chunk of their savings. That's bad. But it's important to note that in the decade since, the S&amp;P 500 has gone up every year at an average of more than 8.5 percent annually. In other words, someone who lost a lot from the crash of 2007&ndash;2008 will have gotten all of their money back and much more if they stayed invested in stocks.</p> <p>This is not to suggest that older investors should be unreasonably aggressive, but they should be aware that a single bad year or two probably won't completely wipe you out financially. If your retirement is long, you may see some market busts, but you'll also see some long stretches of good returns.</p> <h2>7. You may still be helping out your kids</h2> <p>When you're retired, you're supposed to be done with child rearing and helping out your kids financially, right? Unfortunately, it seems that older Americans are continuing to lend a hand to their children even as they grow into adulthood and have children of their own.</p> <p>A recent survey from TD Ameritrade said that millennial parents between the ages of 19 and 37 receive an average of more than $11,000 annually in the form of money or unpaid child care from their parents. With these additional costs on the horizon, those approaching retirement age may still want to invest in stocks to build their nest egg further. (See also: <a href="http://www.wisebread.com/are-you-ruining-your-retirement-by-spoiling-your-kids?ref=seealso" target="_blank">Are You Ruining Your Retirement by Spoiling Your Kids?</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-reasons-to-invest-in-stocks-past-age-50&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520Reasons%2520to%2520Invest%2520in%2520Stocks%2520Past%2520Age%252050.jpg&amp;description=7%20Reasons%20to%20Invest%20in%20Stocks%20Past%20Age%2050"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Reasons%20to%20Invest%20in%20Stocks%20Past%20Age%2050.jpg" alt="7 Reasons to Invest in Stocks Past Age 50" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/7-reasons-to-invest-in-stocks-past-age-50">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-youre-never-too-old-to-buy-stocks">7 Reasons You&#039;re Never Too Old to Buy Stocks</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-easiest-ways-to-catch-up-on-retirement-savings-later-in-life">7 Easiest Ways to Catch Up on Retirement Savings Later in Life</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-make-sure-you-dont-run-out-of-money-in-retirement">How to Make Sure You Don&#039;t Run Out of Money in Retirement</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-simple-ways-to-conquer-your-fear-of-investing">4 Simple Ways to Conquer Your Fear of Investing</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-protect-your-retirement-from-inflation">4 Ways to Protect Your Retirement From Inflation</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment Retirement adult children bonds cash dividend stocks giving money to kids income late starters life span living longer risk saving money stocks yields Thu, 05 Oct 2017 09:00:06 +0000 Tim Lemke 2031342 at http://www.wisebread.com 5 Actions Women Can Take Right Now to Get Their Retirement On Track http://www.wisebread.com/5-actions-women-can-take-right-now-to-get-their-retirement-on-track <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-actions-women-can-take-right-now-to-get-their-retirement-on-track" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/portrait_of_three_young_adult_female_friends_in_the_street.jpg" alt="Portrait of three young adult female friends in the street" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>I have female friends who range in age from their 20s to their 70s. When I talk to them about retirement, most of them share a striking similarity: They don't think about it until they have to think about it.</p> <p>Truthfully, we <em>must</em> think about and actively plan for retirement long before we actually retire &mdash; decades before, actually. This is true for everyone and it's especially true for women. (See also: <a href="http://www.wisebread.com/12-surprising-things-women-should-know-about-retirement-planning?ref=seealso" target="_blank">12 Surprising Things Women Should Know About Retirement Planning</a>)</p> <p>As a woman, there are several actions you can take right now to get your retirement on track.</p> <h2>1. Plan for a long life</h2> <p>There are a number of retirement factors that women must consider more seriously than men. For example, the average life span for men in the U.S. is about 78 years. The average life span for women in the U.S. is 81 years. Since women tend to live longer, they must account for this and plan to have more money saved for retirement. Because of this longer average life span, it's also important for women to consider long-term care, the likelihood of chronic conditions and illnesses related to aging, and disability in their retirement planning. (See also: <a href="http://www.wisebread.com/is-long-term-care-insurance-worth-it?ref=seealso" target="_blank">Is Long Term Care Insurance Worth It?</a>)</p> <h2>2. Don't procrastinate</h2> <p>Several unfortunate facts for working women also increase the urgency and need for deliberate planning in retirement. There is no denying that a wage gap exists for women. Simply stated, women <a href="http://www.aauw.org/research/the-simple-truth-about-the-gender-pay-gap/" target="_blank">earn an average 20 percent less</a> than men, and this gap exists in nearly every professional field. The gap is wider for women of color and working mothers. In some states, the gap is higher still.</p> <p>Apart from dealing with a wage gap, women also often leave the workforce early, whether to raise a family or act as caregivers for an aging spouse or relative. These combined factors mean that women quite literally can't afford to waste time in their approach to retirement planning. They must work harder to match the retirement savings of men &mdash; in addition to having to save more money overall to support a longer life span. (See also: <a href="http://www.wisebread.com/this-is-why-you-cant-postpone-planning-for-your-retirement-and-how-to-start?ref=seealso" target="_blank">This Is Why You Can't Postpone Planning for Your Retirement</a>)</p> <h2>3. Take control</h2> <p>Retirement can be, and often is, a complicated subject &mdash; so don't feel badly about not having all the answers about what you need to do and when you need to do it. There are people who spend their entire careers learning the ins and outs of retirement planning, and helping people toward a brighter future. The right adviser can be exceedingly helpful and supportive. No matter who you turn to for retirement planning advice, make sure you feel comfortable asking them questions and feel confident in their responses. The important step is to decide to take control of your financial planning. (See also: <a href="http://www.wisebread.com/this-is-the-basic-intro-to-having-a-retirement-fund-that-everyone-needs-to-read?ref=seealso" target="_blank">This Is the Basic Intro to Having a Retirement Fund That Everyone Needs to Read</a>)</p> <h2>4. Create a plan</h2> <p>Now it's time to put an actionable plan in place. Your advising firm can help you set up the best retirement savings strategy, including finding the best possible tax advantages for you. Your workplace may be able to help, too. Some advisement companies also have online portals that give you a snapshot of your accounts, telling you if you're on track or not. These tools are invaluable in your retirement planning. Take advantage of all of them. (See also: <a href="http://www.wisebread.com/how-to-face-4-ugly-truths-about-retirement-planning?ref=seealso" target="_blank">How to Face 4 Ugly Truths About Retirement Planning</a>)</p> <h2>5. Track your progress</h2> <p>In an effort to begin your retirement savings early, and to save as much as you can for all the reasons mentioned above, you want to automate your retirement savings whenever possible. For example, your workplace may offer Bi-Weekly deductions from your paycheck that go directly into your retirement accounts. You can personally set regular contributions from your bank account.</p> <p>To stay motivated, it's important to track your progress. Take a look at your accounts once a month or once a quarter to see your savings growing. What gets measured gets done, and seeing your accounts grow will give you the confidence and encouragement to stay on your plan. (See also: <a href="http://www.wisebread.com/8-signs-your-retirement-is-on-track?ref=seealso" target="_blank">8 Signs Your Retirement Is on Track</a>)</p> <p>There's no denying that women face an uphill battle when it comes to retirement savings. With the gender-based wage gap, fewer years in the workforce, and a longer average life span, it's critical for women to start their retirement savings as early as possible and to put away as much money as they can. With careful planning, focus, and diligence, women can rise and meet their goal of a healthy, happy retirement. (See also: <a href="http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances?ref=seealso" target="_blank">How Every Woman Can Take Control of Her Finances</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F5-actions-women-can-take-right-now-to-get-their-retirement-on-track&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F5%2520Actions%2520Women%2520Can%2520Take%2520Right%2520Now%2520to%2520Get%2520Their%2520Retirement%2520On%2520Track.jpg&amp;description=5%20Actions%20Women%20Can%20Take%20Right%20Now%20to%20Get%20Their%20Retirement%20On%20Track"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/5%20Actions%20Women%20Can%20Take%20Right%20Now%20to%20Get%20Their%20Retirement%20On%20Track.jpg" alt="5 Actions Women Can Take Right Now to Get Their Retirement On Track" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christa-avampato">Christa Avampato</a> of <a href="http://www.wisebread.com/5-actions-women-can-take-right-now-to-get-their-retirement-on-track">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-plan-for-a-forced-early-retirement">How to Plan for a Forced Early Retirement</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-are-people-retiring-in-their-30s">How Are People Retiring in Their 30s?!</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-to-handle-a-forced-early-retirement">5 Ways to Handle a Forced Early Retirement</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-to-invest-in-stocks-past-age-50">7 Reasons to Invest in Stocks Past Age 50</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-longevity-is-changing-retirement-planning-and-what-to-do-about-it">5 Ways Longevity Is Changing Retirement Planning (And What to Do About It)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement disability early retirement financial advisers forced retirement life span long-term care longevity saving money wage gap women Tue, 22 Aug 2017 08:30:10 +0000 Christa Avampato 2006371 at http://www.wisebread.com Women Pay More for Health Care — Here's How to Pay Less http://www.wisebread.com/women-pay-more-for-health-care-heres-how-to-pay-less <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/women-pay-more-for-health-care-heres-how-to-pay-less" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_glases_hat_495205748.jpg" alt="Woman learning she plays more for health care than men" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's no secret that a variety of factors can affect your health care costs. For example, people who smoke usually pay more for health insurance, and an unhealthy lifestyle can increase the risk of chronic illnesses and lead to more trips to see the doctor. But among the many factors triggering higher health care costs, it's being a woman that's perhaps the most obnoxious.</p> <p>Before the Affordable Care Act, women buying health insurance on the individual market paid premiums as much as <a href="http://www.healthline.com/health-news/should-women-pay-more-healthcare-services" target="_blank">50% higher than men</a> due to gender rating, a practice where health insurance providers charged women more because they were considered a higher risk. Gender rating is now illegal, but this doesn't mean women are saving big bucks on health care costs.</p> <p>According to data provided by the health care company Vitals, women spend on average <a href="http://www.womenshealthmag.com/life/women-pay-more-healthcare" target="_blank">69% more out-of-pocket</a> than their male counterparts for health care. That's a huge difference &mdash; even from the now-abolished gender rating system. Considering how women statistically earn less than men in just about every occupation, many women feel the pinch. But the question remains, why do women pay more, and what can they do about it?</p> <h2>Women Use More health Care Services</h2> <p>Compared to men, women typically <a href="https://www.ncbi.nlm.nih.gov/pubmed/10718692" target="_blank">use more health care services</a>, which could explain higher health care costs. Go figure. They're more likely to ask questions about their health, get routine screenings, and schedule appointments when sick. Being proactive helps women maintain their health, but it comes at a cost.</p> <p>Additionally, some women experience higher health care costs because of certain procedures, including gynecologic surgeries. Women are also six times more likely to have knee replacement surgery &mdash; a cost that can soar up to $65,000 &mdash; and women are two times more likely to develop cataracts, which can cost up to $5,000 per eye to correct.</p> <p>And let's not forget the cost of labor and delivery for women. That's big business with the average national cost for a routine delivery at $8,775, and the average for a C-section at $11,525. (Worse, this number doesn't include prenatal care or post-delivery care.) And even if women have health insurance, high deductibles typically mean paying a large percentage of services out-of-pocket.</p> <h2>Women Live Longer Than Men</h2> <p>Women also pay more for health care because they live on average two years longer than men. That's an extra two years of paying health insurance premiums and out-of-pocket costs for health care services. Even if a woman is healthy during her younger years, she may develop at least one ailment later in life that requires regular doctor visits, especially as she moves closer to retirement age. Studies suggest that a 55-year-old healthy woman retiring today would spend about $79,000 more than a similar man on health care costs during her final years.</p> <h2>How Can Women Protect Themselves From Higher Costs?</h2> <p>When it comes to the cost of health care, it is what it is &mdash; but there are plenty of ways for women to prepare and possibly reduce their expense.</p> <h3>Don't Ignore Health Screenings</h3> <p>Preventive care reduces risk factors that trigger many chronic illnesses and can thus lower overall health care costs. Under the Affordable Care Act, you don't have to pay for many preventive care services delivered by a doctor or medical facility within your insurance company's network. These include immunizations, annual physical examinations, colonoscopies, mammograms, and other screenings.</p> <h3>Make Healthy Choices</h3> <p>A healthy lifestyle can also reduce your number of trips to the doctor. Eat a healthy diet of fruits, vegetables, low-fat foods, and lean meats. Exercise for at least 30 minutes three times a week. Apply sunscreen when outdoors to reduce your risk of skin cancer and stay physically fit during your retirement years.</p> <h3>Compare the Cost of Services</h3> <p>To lower your health care costs, compare the cost of services at different facilities. You'll find that some facilities within your insurer's network charge significantly different prices for the same services. For example, an in-network hospital may charge $1,500 for an overnight sleep study whereas an in-network sleep clinic may only charge $600 for the same study.</p> <h3>Don't Underestimate Health Care Costs</h3> <p>Prepare for health care costs now and in the future. This includes having adequate health care coverage to reduce your out-of-pocket expenses &mdash; as much coverage as you can afford based on your present health care needs. And while you're saving for retirement, don't forget to plan for future health care costs. Women who live longer than their spouses are left to manage health care costs on their own. Therefore, look into purchasing long-term care insurance. Don't wait until you are ready to retire to buy a policy; it's more expensive once you're at that stage of your life. If you lock in a price while you're young and relatively healthy, however, you'll pay lower premiums over the long-term.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/women-pay-more-for-health-care-heres-how-to-pay-less">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/health-insurance-how-to-fight-back-against-4-common-claim-denials">Health Insurance: How to Fight Back Against 4 Common Claim Denials</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-common-medicare-myths-debunked">5 Common Medicare Myths, Debunked</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-one-question-you-need-to-answer-to-choose-the-best-health-care-plan">The One Question You Need to Answer to Choose the Best Health Care Plan</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-handle-a-massive-medical-bill">How to Handle a Massive Medical Bill</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-health-insurance-if-you-missed-the-open-enrollment-deadline">How to Get Health Insurance If You Missed the Open Enrollment Deadline</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Health and Beauty Insurance doctors gender cap gender rating health care life span medical preventive care women Thu, 12 Jan 2017 10:00:11 +0000 Mikey Rox 1871076 at http://www.wisebread.com The 6 Surprising Things That Tell You How Long You'll Live — and How to Improve Them All http://www.wisebread.com/the-6-surprising-things-that-tell-you-how-long-youll-live-and-how-to-improve-them-all <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-6-surprising-things-that-tell-you-how-long-youll-live-and-how-to-improve-them-all" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman-looking-mirror-101380592-small.jpg" alt="woman looking at mirror" title="woman looking at mirror" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Americans are living longer, fuller lives today than ever before. And our ability to predict said lifespan is growing, too. So while scientists work on mixing a face serum guaranteed to bring back our once baby-soft skin, there are already several indicators we can examine to gauge how much time we have left before we expire. Intrigued? Read on for our roundup of the most shocking indicators of a long and prosperous life. (See also: <a href="http://www.wisebread.com/live-long-and-prosper-with-these-15-small-healthy-habits?ref=seealso">Live Long and Prosper With These 15 Small Healthy Habits</a>)</p> <h2>1. How You Get Up Off the Floor</h2> <p>If you can rise to your feet without using your hands and knees for support, you're likely to live longer than those who can't. Research shows that middle aged and elderly folks who need to use hands and knees to get up and down are almost seven times <a href="http://vitals.nbcnews.com/_news/2012/12/13/15870881-can-you-do-this-simple-sitting-test-predicts-longevity">more likely to die</a> within six years, compared to those who can spring up and down without support. It's all about the ratio of muscle power to body weight, scientists say. This lifespan indicator test is also telling of a person's abilities when it comes to balance, motor skills, and flexibility &mdash; all important faculties that tend to waver as we reach the end of our life cycle, whenever that may be.</p> <h2>2. Your Caloric Intake</h2> <p>The health of humans as well as worms, spiders, monkeys, and dogs has been shown to improve under a prolonged calorie restrictive diet. Some studies even suggest that certain <a href="http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0003211">methods of energy manipulation</a> such as alternate day fasting coupled with physical exercise can also produce many of these same health improvements, including increased neuronal function, enhanced stress resistance, decreased cancer incidence, and in many species, longevity. Now don't get meddling with your eating habits just yet. It's important to note that scientists have fallen short of proving that a rigid diet can increase the lifespan of humans; there is, however, ample research suggesting it could be feasible.</p> <h2>3. The Fine Lines on Your Face</h2> <p>Researchers are now using facial recognition technology to analyze everything from laugh lines to sunspots to determine how long a person is expected to live. &quot;We know in the field of aging that some people tend to senesce, or grow older, more rapidly than others, and some more slowly,&quot; said Jay Olshansky, a biodemographer at the University of Illinois at Chicago who came up with the idea. &quot;And we also know that the children of people who senesce more slowly tend to live longer than other people.&quot; Horizontal creases around the brow ridge, vertical lines between the eyebrows, crow's feet, bags below the eyes, and thinning lips are all tell-tales signs that we're <a href="http://www.washingtonpost.com/national/health-science/can-your-face-reveal-how-long-youll-live-new-technology-may-provide-the-answer/2014/07/02/640bacb4-f748-11e3-a606-946fd632f9f1_story.html">nearing the end-of-life stage</a>, regardless of our actual age.</p> <h2>4. Your Tolerance to Heat</h2> <p>As we age, our tolerance to heat &mdash; be it August weather or burning flames &mdash; deteriorates along with our bone density and vision. That's one reason why <a href="http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0003211#pone.0003211-Hall1">heat resistance is an indicator of fine health and longevity</a>. Studies show that those of us who can more easily endure high temperatures are apt to have longer lives.</p> <h2>5. Where You Were Born</h2> <p>Monaco, a sovereign city-state tucked along the French Riviera, is the place with the <a href="http://www.telegraph.co.uk/health/10561478/Countries-with-highest-and-lowest-life-expectancies-for-people-born-in-2013-charted.html">highest life expectancy for a child born in 2013</a>, according to global mortality data. But if you weren't lucky enough to be born in this Mediterranean locale where the average lifespan is 90 years, there's still hope yet. There are 33 countries where human life expectancy is at least 80 years of age, including San Marino (83), Italy (82), and Canada (81). Those of us born here in the U.S. are predicted to live to be 79.</p> <h2>6. How Often You Have Sex</h2> <p><a href="http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1732071/">Can sex be the key to a longer life</a>? Some scientists believe it just might be. In a study pool of British men, researchers found a 50% reduction in mortality among a subgroup who claimed to have had the most orgasms. Of course, this brings up the question of the chicken or the egg. Were these men were having more sex because they felt healthier, or was it the other way around? We can't know for sure, but since there are no known negative repercussions to having frequent sex&hellip; it can't hurt to give it a try.</p> <p><em>Based on these indicators, how much time have you got left? Please share in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/the-6-surprising-things-that-tell-you-how-long-youll-live-and-how-to-improve-them-all">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/live-long-and-prosper-with-these-15-small-healthy-habits">Live Long and Prosper With These 15 Small Healthy Habits</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-fun-and-easy-ways-to-add-years-to-your-life">9 Fun and Easy Ways to Add Years to Your Life</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-apps-that-pay-you-to-workout">6 Apps That Pay You to Workout</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-pet-health-insurance-worth-it">Is Pet Health Insurance Worth It?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/peanut-butter-the-poor-man-s-protein">Peanut Butter: The Poor Man’s Protein</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Health and Beauty Health life expectancy life span long life longevity old age Tue, 11 Nov 2014 12:00:05 +0000 Brittany Lyte 1253529 at http://www.wisebread.com