Living Longer, Living Better

Longer life spans, fewer young workers, and diminishing market growth rates have significant implications for the future of benefit programs and investors.

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Advancements in personal health could impact financial health

The possibility you’ll spend more years in retirement may impact how you manage your investments today.

Not surprisingly, medical advances have resulted in longer lifespans in the U.S. and many other countries. In fact, according to the Social Security Administration, today’s average life expectancy for a 65-year-old American woman is 86.6 years. For a man, it’s 84.3 years.

That’s good news, of course, but it raises important issues you should think about regarding your ability to enjoy a financially stable retirement.

The possibility you’ll spend 20 or 30 (rather than 10 or 15) years in retirement increases your longevity risk – the likelihood you’ll outlive your assets. If that should happen, you may be forced to settle for living a diminished lifestyle in retirement, and that’s an outcome you’d probably like to avoid.

If you’re concerned about the potential effects of living longer on your ability to live a better retirement, download the “Living Longer, Living Better” report from Wells Fargo Investment Institute.

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All investing involves risk, including the possible loss of principal. Di¬fferent investments off¬er diff¬erent levels of potential return and market risk. There is no assurance any investment, retirement or tax-managed strategy will be successful. Diversification is an investment method used to help manage risk. It does not guarantee a profit or protect against loss. An investment in a mutual fund will fluctuate and shares, when sold, may be worth more or less than their original cost.

Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly-owned subsidiary of Wells Fargo & Company and provides investment advice to Wells Fargo Bank, N.A., Wells Fargo Advisors, and other Wells Fargo affiliates. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.

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