Our life expectancies are increasing.
The length of our life is longer than our parents, grandparents and great-grandparents.
This is one of the reasons US News & World Report wrote, “Retirement is different now that it was just 10 years ago.”
If you’re on track to a “traditional retirement,” this means your life can last 20-30 years compared to the 10-15 it used to.
Now if you’re looking to fast track retirement, this stage can last several decades.
That’s a substantial difference and has an impact on a few areas of your life.
Since we’re on a finance blog, the obvious one is your finances. You’re going to need your money to last a longer period of time.
It also affords you the opportunity to do things you previously weren’t able to.
Now is a good time to start thinking more seriously about what you want and how you’re going to get there.