Planning for 90 and Beyond: The Longevity Factor
Australians are living longer than ever. One in four Australians who reach 65 today will live beyond 90.* Yet few pre-retirees plan for such long lifespans.
Why It Matters
The traditional “20-year retirement” mindset no longer works. Retirees may need income streams lasting 30+ years. Running out of money late in life, when health costs peak, can create stress.
Tools to Manage Longevity Risk
- Account-based pensions
- Annuities
- Blended strategies
- Conservative assumptions
Final Thought
Longevity is a gift – but only if your finances keep up. Planning to 90 and beyond helps ensure your retirement years are not just long, but also secure.
References
- Australian Bureau of Statistics (ABS). Life Tables, 2023.
Disclaimer: This information is of a general nature only and does not constitute advice. It has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Hendrie Financial Strategies is a corporate authorised representative of the Madison Financial Group Pty Ltd, Australian Financial Services License No 246679, ABN 36 002 459 001.
