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How Dare You Live Longer!

We may have to rephrase the famous greeting, “Live long and prosper” to “Prosper if you want to live long,” because eventually your longevity may come with an actual price.

Now that you’ve figured out how to live longer, you may not be able to afford it. All that saving! All that investing! And for what? You’ve done all of that and yet you can run out of money, and not because of irresponsibility, but because you’re living too long.

As we age, our greatest fear has been dying—but today, living too long is running a close second. Didn’t see that coming, did ya? Outliving your resources is a real thing! You may not get to use your money, or you may have none to use.

My mom worried about outliving her money up and until she died at 90. Like my mom and others, saving and investing have always been key for a well-planned retirement life—just add smart decision-making, healthy living, and a positive mindset and you were good to go. That may not be the case anymore.

So now, many retirees are going back to work, reducing their spending and rethinking their budgets. In addition, while personal sustainability is very important, seniors are sharing their budgets to help other family members leaving no money for their own unexpected living needs or their desire to leave generational wealth!

It’s tough to navigate all the challenges living longer may bring and that may affect income, lifestyle, and personal safety—so you may want to consult with an Actuary. Actuaries are individuals, usually insurance people, who look at a variety of factors and based on those factors attempt to evaluate how long you may live.

“About Schmidt,” a movie starring Jack Nicholson who plays a retiring actuary, gives viewers a peek into this unique job that can become a silent nightmare for those who perform it. Actuary jobs are becoming increasingly important in this age of invasive technology, data breaches, and increased levels of financial risks.

Visit these sites to learn more about longevity:


Pat Landaker is a Certified Senior Advisor (CSA) and owner of Living La Vida Senior, Ageless Aging, and CSA Senior Solutions. She serves on the American Society on Aging’s Social Impact and Innovation Council and the CSA’s Certification Council. She also teaches Positive Aging at UNLV/OLLI. Visit or email her at [email protected].

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