Quote:
Originally Posted by ts12755
When you retire and sell your home pay cash for your village home. You'll be too old for a new mortgage. 50% percent of men die within 3 years of retiring.
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Facts are always good in a forum discussion.
Bottom line is the quoted post is woefully inaccurate.
Let's start with the 'average' retirement age. That is 59 and some change. What this poster means is the median retirement age. Median is half above half below. The 'average' is so low because of all the disability claims and those fifty year olds who can't get a job. You can verify this age from multiple sources on line. So, what is the life expectancy of a 62 year old having survived all the early death risk.
Let's ask the social security administration as they track death dates. A male who is 62 today has a life expectancy of 21.4 years.
Not three years.
Retirement & Survivors Benefits: Life Expectancy Calculator