one of my favourite stats on thishttps://www.cso.ie/en/releasesandpublications/in/mdi/mortalitydifferentialsinireland2016-2017/ has some interesting info.
I think it implies for a long life you want to be female, married, 3rd level educated, doing skilled work, living in an owner occupied home in an affluent area, without disabilities and protestant. Although it didn't say how good it gets if you are all of these things.
if you get on the Tube at Westminster in London and head east your life expectancy declines by a year every tube stop.
LolWhat happens if you go to work every day in that direction? You will live only a couple of weeks.
What no one on this thread has talked about is that life expectancy itself is highly variable.
Take a 65-year old Irish male. The median life expectancy is 18, so living to 83. But there is a 10% chance he will die before he is 71, but a 10% chance he will live beyond 93.
Below is a chart I worked up from CSO life tables.
(http://imgur.com/MZy8eVJ)
Suppose you are very risk averse and want your fund to last until you are 95. This would mean very conservative withdrawals and/or vulnerability to a bad sequence of returns early on.
Everyone tends to dunk on annuities because they are so expensive. But they allow you to insure against living a very long life.
We use this one
Longevity calculator
How long might your client live (and therefore need an income) for?www.justadviser.com
It allows a stab at current health impact on life expectancy based on current age
Don't you recoup the years on the way home?What happens if you go to work every day in that direction? You will live only a couple of weeks.
Speak for yourselfWhat is certain is that we all die. What really matters is how you have lived not how long have you lived.
Only if you face the same direction going home that you did on the way out.Don't you recoup the years on the way home?
This is what I've done and have come up with a semi rough guess of mid seventiesYour best guide to how long you will live is how long did your parent, uncles and aunts and grand-parents live?
Take a 65-year old Irish male. The median life expectancy is 18, so living to 83. But there is a 10% chance he will die before he is 71, but a 10% chance he will live beyond 93.
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