The Great American Retirement Crisis

by Zach Scheidt
Daily Reckoning

I’ve got some good news and some bad news:

The good news is that you can likely expect to live a much longer life than scientists thought possible just a few years ago. The bad news is that you’re going to need a bigger nest egg to pay for retirement.

According to a recently published book called The 100-Year Life, odds are rising that you will live to be triple digits. And for younger people, there’s now more than a 50% chance that they will live past 100 years.

With so many productive and healthy years ahead of you, it’s important to make sure that you’re collecting the maximum amount of income to cover life expenses.

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