While man has yet to find the fabled “fountain of youth,” actuaries are learning more and more every day about what determines longevity for each of us. A recent analysis performed by actuaries at Rest-of-Life Communications found that working longer is highly correlated with longer life expectancy. The difference is substantial and will likely surprise you- death rates for men age 50-70 who aren’t working are 60% higher than those who are working. This may not measure up to the sought after effects of the fountain of youth, but certainly isn’t anything to frown upon.
As economic conditions continue to challenge financial security and long-term financial goals it seems one “release valve” is a longer career and extension of earnings introduced into ones wealth plan. As retirement dates are extended out of financial necessity (for baby boomers and generations that follow) this is welcome actuarial news for those looking forward to a later retirement.
