"Life insurance provider to John Hancock just released its Longevity Preparedness Index, a survey to measure U.S. adults' ability live well in older age. It reveals a sobering reality: Americans score just 60 out of 100 in readiness for longer lifespans, with finances a glaring weak spot. As life expectancy rises - potentially doubling the 65+ population to 82 million by 2050 - the survey found many face the risk of outliving their savings."
"Exchange-traded funds (ETFs) are an ideal solution for investors seeking to build such a nest egg. They offer low costs, broad diversification, and flexibility to balance growth and income, ensuring you don't have to scrimp in your later years. Unlike individual stocks, ETFs spread risk across many assets, and their low fees preserve wealth over time. The three ETFs below are excellent choices for your retirement portfolio as they are tailored for both growth and income."
Americans score 60 out of 100 in longevity readiness, indicating widespread unpreparedness for longer lifespans and financial vulnerability in retirement. Projected increases in life expectancy could double the 65+ population to 82 million by 2050, raising the risk of outliving savings. Retirement portfolios must sustain decades of withdrawals and combat inflation to preserve purchasing power. Exchange-traded funds (ETFs) offer low costs, broad diversification, and flexibility to balance growth and income, reducing individual-stock risk and minimizing fees that erode returns. Three ETFs are identified as suitable for growth and income, but personalization with a financial advisor is advised.
Read at 24/7 Wall St.
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