6/3/2015 – New retirement age is not 65, not 80, not 95: It’s higher (CNBC)

One hundred years ago, the average lifespan was about 42. That’s now doubled. People are living longer and trying to stretch their income to make ends meet and stay ahead of inflation, but that’s not the inflection point financial advisors are really concerned about—that’s just the everyday blocking and tackling on behalf of client portfolios. The emerging challenge goes way beyond that.”We’re adding three months to life per calendar year,” said Salim Ismail, former innovation director at Yahoo and founding executive chairman of Singularity University. “It’s not an if, it’s a when, and the point in time is in the 15- to 20-year range,” said Ismail, speaking at the Exponential Finance conference in New York City on Wednesday.

Read the full article at CNBC.