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Could someone alive today actually live to be 1,000 years old? Thanks to medical and technological breakthroughs, that could be possible someday. But living longer—even if it’s only to, say, 150—comes with financial implications for how we plan and invest for our futures.
People around the world are living longer than ever before. In the U.S., the number of people in their 90s has nearly tripled since 1980, and some studies predict that at least one quarter of all children alive today could live to 1001. The idea of living this long is an exciting one, but it also comes with some important questions.
For example, how will we finance those extra years, and what does this all mean for our quality of life in retirement? In this episode, our hosts Candace Browning, Chris Hyzy and Haim Israel explore the key drivers—including advances in genomics and personalized medicine—behind the dramatic rise in life expectancy, along with innovations helping to make our lives more productive and meaningful as we age. They also unpack how this trend is reshaping the economy, address other important issues—such as how to pay for all the new medical treatments—and offer insights into how we can prepare financially for living to 90, 100 and, perhaps, even beyond.
Chief Investment Officer
Institutional Investor magazine announced BofA Merrill Lynch Global Research as one of the top global research firms from 2011-2018 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to https://www.institutionalinvestor.com/research/8959/Overview. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
The Chief Investment Office, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for Global Wealth & Investment Management ("GWIM") clients, is part of the Investment Solutions Group ("ISG") of GWIM, a division of Bank of America Corporation.
This material should be regarded as educational information on Healthcare considerations and is not intended to provide specific healthcare advice. If you have questions regarding your particular situation, please contact your legal or tax advisor.