The lesson for those still in the accumulation phase is to build your wealth and retirement nest egg in accounts and vehicles that are not taxable in retirement.
I don’t blame you if you find the idea of combining a message about life insurance with a message about Christmas a bit – well – unseemly. But while our thoughts are focused on the blessings of family, I’m going to cross that line for a few minutes.
Good news from the non-profit Society of Actuaries – you’re likely to live longer. Since “mortality” tables were last updated in 2000, the average 65-year old woman will now live 88.8 years (up from 86.4 in 2000); and men will live to 86.6 (up from 84.6 in 2000).