Your Money Or Your Life: Which Will Run Out First?
Posted on 2004-03-31 05:44:00 in
Aging |
Two-thirds of all people who have ever lived past the age of 65 are alive today. This growing older population and a smaller younger one pose unprecedented challenges for America, according to Certified Senior Advisor Brent Dees, CFP® and president of Brent Dees Financial Planning. Dees is available to deliver presentations on this subject for Charlotte and Greensboro metro area groups.
(PRWEB) March 31, 2004 -- Two-thirds of all people who have ever lived past the age of 65 are alive today. This growing older population and a smaller younger one pose unprecedented challenges for America, according to Certified Senior Advisor Brent Dees, CFP® and president of Brent Dees Financial Planning. Dees is available to deliver presentations on this subject for Charlotte and Greensboro metro area groups.
“The paradox of seniors is that they hold two-thirds of the country’s assets, yet have the highest bankruptcy rate of any group. They seek love and companionship, yet if one remarries after the loss of a spouse, they face a divorce rate of 85%. They want to live long and productive lives, yet the highest suicide rate in the U.S. is for white males over age 75,” Dees says. “All of these stresses on our seniors demand a response that considers interrelated health, financial and social issues.”
Dees says that by 2020 the over-50 population will grow by 74 percent, while the under-50 population will grow only 1 percent. Additionally, technology is on the horizon that will significantly increase human longevity.
“Social Security was never designed to replace individual retirement programs,” says Dees. “Even combining Social Security with what was adequate financial preparation 10 years ago is not enough in this remarkable time of medical technology advances. A huge number of people are going to outlive their money if they don’t take immediate action.”
Brent Dees, CFP, CSA is president of Brent Dees Financial Planning and a registered principal with the Financial Network Investment Corporation. He is one of only a handful of advisors in the nation who has both the certified financial planner and the certified senior advisor designations.
(PRWEB) March 31, 2004 -- Two-thirds of all people who have ever lived past the age of 65 are alive today. This growing older population and a smaller younger one pose unprecedented challenges for America, according to Certified Senior Advisor Brent Dees, CFP® and president of Brent Dees Financial Planning. Dees is available to deliver presentations on this subject for Charlotte and Greensboro metro area groups.
“The paradox of seniors is that they hold two-thirds of the country’s assets, yet have the highest bankruptcy rate of any group. They seek love and companionship, yet if one remarries after the loss of a spouse, they face a divorce rate of 85%. They want to live long and productive lives, yet the highest suicide rate in the U.S. is for white males over age 75,” Dees says. “All of these stresses on our seniors demand a response that considers interrelated health, financial and social issues.”
Dees says that by 2020 the over-50 population will grow by 74 percent, while the under-50 population will grow only 1 percent. Additionally, technology is on the horizon that will significantly increase human longevity.
“Social Security was never designed to replace individual retirement programs,” says Dees. “Even combining Social Security with what was adequate financial preparation 10 years ago is not enough in this remarkable time of medical technology advances. A huge number of people are going to outlive their money if they don’t take immediate action.”
Brent Dees, CFP, CSA is president of Brent Dees Financial Planning and a registered principal with the Financial Network Investment Corporation. He is one of only a handful of advisors in the nation who has both the certified financial planner and the certified senior advisor designations.
Health Headlines MORE »
Capsaicin (found in hot peppers) and capsiates (present in sweet peppers) exert modest weight management benefits.
While over 20% of U.S. adults receive periodic health examinations each year, many do not receive recommended preventive screening tests and counseling services
Researchers from Norway suggest a mechanism by which stress may make a person fat, and being obese may create stress.
Swedish researchers report that people who are short on sleep experience greater levels of hunger.
Among women with Generalized Anxiety Disorder (GAD), regular physical activity helps to reduce anxiety, irritability, feelings of tension, low energy and pain.
For every 100 mg per-day increase in magnesium in the diet, stroke risk may decline by up to 9%.
The best male marathon runners over age 65, and the best female marathon runners over age 45, continue to consistently improve their performance.
UCLA-led team safely uses human embryonic stem cells to treat macular degeneration.
First-of-its-kind study reports that indoor air in offices is an important source of worker exposure to potentially toxic substances.
Twenty percent of Americans ages 18+ experienced a diagnosable mental, behavioral, or emotional disorder in 2010.
ANTI-AGING TIP OF THE DAY
A Bright Future
University of Southern Denmark researchers report that more than half of the babies born today in developed countries will live to be 100, and the extended lifespan will likely come with fewer disabilities and limitations. Writing that: “If the pace of increase in life expectancy in developed countries over the past two centuries continues through the 21st century...
»
MORE
