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[2007/11/18 12:00 AM]
Planning for Care
The case can increasingly be made that retirees should consider incorporating health care investment products into their portfolios
By David Michaels
Canadians are living longer than ever, a reality that has introduced a new dimension to boomers and seniors planning for their retirements. The question more and more retirees are asking is: should I incorporate a health-care investment component into my portfolio? Here are the longevity facts. In 1901, a 65-year-old would be expected to live to 76; by 2001, a 65-year-old could be expected to live to age 85. Life expectancy at birth, for both sexes, surpassed 80 years for the first time in 2004. Statistics Canada says that by 2015, seniors aged 65 and over, will outnumber children aged less than 15, and by 2056, about one out of 10 Canadians will be 80 years and over, compared with one out of 30 in 2005.
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