We’re living longer — get ready to pay for it

February 13, 2015 by Gil Weinreich

Attention advisors: A mostly unheralded change in actuarial tables suggests the need to plan for longer retirements for your clients and could also make a delay in claiming benefits advantageous for some clients.

That is the upshot of a recent client communication from ERISA attorney Marcia Wagner of the Wagner Law Group.

The Boston-based firm’s February newsletter notes that the Society of Actuaries (SOA) released new mortality tables last October that reflect substantially increased longevity for 65-year-olds in comparison with SOA’s year 2000 tables and adjustments that have been used by defined benefit pension plans to date. Click here to read…

Originally Posted at LifeHealthPro on February 10, 2015 by Gil Weinreich.