The American Academy of Actuaries explains that "life expectancy" is the point where half the population will not live that long, and half will live longer. So if you're planning a retirement lifetime around "life expectancy," it means that you're betting your retirement income on a coin flip. Don't like those odds? Try the Actuaries' Longevity Illustrator to improve your chances of not out-living your income.
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Math and decision skills for Improving financial well-being
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