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Life expectancy is a key factor to consider when planning for retirement. In today’s world, the average life expectancy is higher than ever before, with many people living well into their 80s and beyond. This means that retirement planning needs to take into account the possibility of needing income for a longer period of time.

One way to ensure you have enough income to last your entire retirement is by purchasing an annuity. An annuity is a financial product that can provide a guaranteed stream of income for a specific period of time, often until the end of your life. This can be especially important if you do end up living longer than expected, as it ensures you won’t outlive your savings.

Stan The Annuity Man, a leading expert in the field of annuities, emphasizes the importance of considering life expectancy when planning for retirement. He recommends that individuals assess their current health and family history to get an idea of how long they might live. By doing so, you can make more informed decisions about how to allocate your retirement savings.

It’s also important to factor in inflation when planning for retirement. As the cost of living continues to rise, your income needs may increase over time. An annuity can help protect against inflation by providing a steady stream of income that adjusts for inflation.

In conclusion, life expectancy is a key consideration when planning for retirement. By taking into account how long you might live and factoring in inflation, you can ensure that you have enough income to enjoy your golden years. An annuity can be a valuable tool in this process, providing a guaranteed stream of income that can last throughout your retirement.