New Love for Older Adults: How to Avoid Financial Mistakes


We are hearing a lot about the ABC reality show The Golden Bachelor and how older people are finding new love and new mates. Plastic surgery aside, these people are supposed to represent the new older generation of vibrant and active adults who have a lot of life still to live. Other than hearts, hugs and hot tubs, have you thought about how you are going to pay for your new longer love life?

Does age create financial wisdom?

Babies born today have more than a 50% chance of living to be over 105. If you are an older person, you are also expected to live longer than you may have thought. An American man who turns 70 today will live to be 85, on average, and a woman will live to 87, according to a study published by the American Journal of Public Health. This changes the landscape for the possibility of outliving your money. And we see this as 43% of people are scared that they haven’t saved enough.

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