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ECONOMIC DATA
U.S. manufacturing growth at 2-year low: ISM
Construction spending highest in seven years

need to know
NYSE invokes Rule 48 before market open
Morgan Stanley cuts S&P 500 price target
GE wins $1 bln of orders in Asia-Pacific region
Man Group's China chief in custody: report

New on the shelves of your local Apple Store: drones

Best time to buy a new car may be just around the corner
U.S. car sales are stronger than expected
10 cities in U.S. with the most horrific traffic

Canada’s economy enters recession — arguably

How China turned minor yuan issue into global rout
Chinese factory data pull Asian shares lower
Beijing bumbling is China’s biggest problem

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
Apple talks to Hollywood for exclusive content
Apple, Cisco team to put business users on iOS
Apple will let iPhone and iPad users block ads
Lost Apple deal leads to 40% job cut at GT

Avi Gilburt: There is a lot of bull left in this stock market
There’s a lot of bull left in this stock market

Gold screams summer stock correction not over
Gold screams stock correction not over

Unlucky lottery winner gets IOU from Illinois

Yahoo CEO Marissa Mayer
Yahoo CEO Marissa Mayer pregnant with twins

Apttus joins the billion-dollar startup club
Apttus joins the billion-dollar startup club


Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Classified details blacked out in new Clinton emails
Classified details blacked out in new emails
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Taleb’s ‘Black Swan’ fund made $1 bln in a week

Personal beliefs don’t belong in retirement accounts

Take your company pension, or buy an annuity?
Take your company pension, or buy an annuity?

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others
Happy 85th birthday to the $67 billion man

Ode to that legendary New York steakhouse the Palm

U.S. ready to punish China firms over cyber theft

Teacher with 111 tardies puts blame on breakfast
The automat is back — with a lot more quinoa

Disney to unveil ‘Star Wars’ toys in unboxing event
Walt Disney leads Dow's losers for August


/conga/frontpage.html 353841

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75.37MDow Volume:
Avg Vol: 109.98M
Unchanged
147
Decliners
5209
Advancers
1139
Price Chg %Chg 1 Day
Range: 1 Day
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Dow
/quotes/zigman/627449/realtime 16,097 -431 2.61%
Nasdaq
/quotes/zigman/12633936/realtime 4,659 -117 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,920 -52 2.66%
GlobalDow
/quotes/zigman/629063/realtime 2,300 -55 2.33%
Gold
/quotes/zigman/662444/delayed 1,141 +8 0.73%
Oil
/quotes/zigman/2331095/delayed 45.61 -3.59 7.30%
FTSE 100
/quotes/zigman/3173262/delayed 6,059 -189 3.03%
DAX
/quotes/zigman/2380246/delayed 10,016 -244 2.38%
CAC 40
/quotes/zigman/3173214/delayed 4,541 -112 2.40%
FTSE MIB
/quotes/zigman/1482176/delayed 21,451 -491 2.24%
IBEX 35
/quotes/zigman/2759620/delayed 9,993 -266 2.59%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -10 2.73%
Asia Dow
/quotes/zigman/6959860/realtime 2,718 -66 2.38%
Nikkei 225
/quotes/zigman/5986735/delayed 18,166 -725 3.84%
Hang Seng
/quotes/zigman/2622475/delayed 21,185 -485 2.24%
Shanghai
/quotes/zigman/1859015/delayed 3,167 -39 1.23%
Sensex
/quotes/zigman/1652085/delayed 25,696 -587 2.23%
Singapore
/quotes/zigman/1709939/delayed 2,883 -39 1.32%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.78%
Yen
/quotes/zigman/16008150/realtime/sampled 119.66 -1.57 1.29%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.20%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 -0.01 1.19%
DXY Index
/quotes/zigman/1652083/delayed 95.38 -0.54 0.57%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.21 -0.22 0.25%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.18 -0.03 1.52%
German 10y
/quotes/zigman/15866409/realtime 0.80 +0.06 8.79%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.08 4.05%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.08 3.76%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.83 -0.02 1.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.36 -0.02 4.88%
Crude Oil
/quotes/zigman/2331095/delayed 46 -4 7.30%
Gold
/quotes/zigman/662444/delayed 1,141 +8 0.73%
Corn
/quotes/zigman/7599553/delayed 368 -7 1.93%
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/quotes/zigman/38649152/delayed 16,069 -439 2.66%
S&P F
/quotes/zigman/30356461/delayed 1,915 -54 2.75%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.13%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.61 -1.82 -2.04%
AAPL /quotes/zigman/68270/composite 109.88 -2.88 -2.55%
GOOG /quotes/zigman/30194416/composite 601.98 -16.27 -2.63%
BAC /quotes/zigman/190927/composite 15.66 -0.68 -4.16%
C /quotes/zigman/5065548/composite 50.99 -2.49 -4.66%
F /quotes/zigman/264304/composite 13.75 -0.12 -0.87%
T /quotes/zigman/398198/composite 32.34 -0.86 -2.59%
BP /quotes/zigman/247026/composite 32.30 -1.24 -3.71%
GE /quotes/zigman/227468/composite 24.01 -0.81 -3.26%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Encore
A blog about living in and planning for retirement

Most Retirees Misjudge Life Expectancy

Many Americans are underestimating just how long they might live, a failing that’s putting their retirement finances at risk.

John Keith / Shutterstock.com

A new report from the Society of Actuaries finds that more than half of retirees and pre-retirees misjudge their life expectancy. Fully four in 10 underestimate the figure by five or more years.

The upshot: “Underestimation of life expectancy, together with having too short a planning horizon, can result in inadequate provision for retirement needs,” the report states. “Even when individuals or couples do make a reasonably good estimate of remaining lifetime for people their age, far too few of them provide adequately for the consequences of out­living average life expectancy.”

The report begins by noting how life spans continue to increase. In the past 50 years alone, life expectancy for newborn American males improved by an average of almost two years each decade, to 75.7 years in 2010 from 66.6 years in 1960. For females, the average increase was about 1.5 years per decade, to 80.8 years in 2010 from 73.1 years in 1960.

A male who reaches age 65 in average health has a 40% chance of living to age 85, the report notes; a female who reaches age 65 has more than a 50% chance of reaching 85.

The good news: The majority of surveyed retirees and pre-retirees believe they will live into their 80s. The not-so-good news: persistent gaps in knowledge about life expectancy. These gaps include, the report notes, “a failure to fully understand the variability in life expectancy, and to appreciate that about half of the people will outlive the average life expectancy of their age cohort.”

For instance:

  • 54% of retirees do not believe they will live as long as the average person their age and sex.
  • 31% of retirees cite a life expectancy that is longer than the population average
  • 46% of pre-retirees think they will live below the population average
  • 41% of pre-retirees believe they will live longer than an average person of their age and sex.

Ideally, the society notes, “Improving the general public’s understanding of longevity and what it means for financial planning should be a high priority for all those committed to ensuring a secure retirement for American seniors.”

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 20)

View all Comments »
    • This is such a great resource that you are pronidivg and you give it away for free. I enjoy seeing websites that understand the value of pronidivg a prime resource for free. I truly loved reading your post. Thanks!

    • What a perfect name! Remember the still (less firentec part) and that your only deadlines are now those that your own interests or priorities establish. You are in total control.

    • Hi Bill, another good post.But there are some tignhs that a slightly deceiving about some of the facts. Yes the average life expectancy in the 1930s was 62 but that was mainly because so many died in childhood that it drove the average much lower. My grandfather died at 77, my father at 78, and I expect I will expire around then also. People who lived to 50 back then were expected to die sometime in their 70s. Not so much different than today.When we read that America’s highest rate of entrepreneurial activity was among those 55 to 64 years of age we should not be thinking of Bill Gates or KFC but instead of selling tignhs at craft fairs to earn a little more income. This increased activity is a result of more time in our senior years.As to retirees taking jobs away from others because they work in their senior years that is probably a very small reason contributor to unemployment rates today. Most of it is due to automation and jobs leaving for lower cost off-shore wages. I know the company I used to work for hired over 60,000 engineers like myself; all of those jobs have disappeared since I retired.The one statistic I was surprised at was that only 2.1% of the U.S. population is above 65% but I guess that number will be increasing starting now as we baby boomers officially reach that number. I know I hit it last months and I am at the head of the baby boomer herd.

    • According to the US government, once a US male gets to 65 years old, his life expectancy is to age 83. That’s higher than the life expectancy at birth (76 years), because it excludes all the males who died before age 65. see http://www.cdc.gov/nchs/data/hus/hus11.pdf#022

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News

New York Markets Close in:

ECONOMIC DATA
U.S. manufacturing growth at 2-year low: ISM
Construction spending highest in seven years

need to know
NYSE invokes Rule 48 before market open
Morgan Stanley cuts S&P 500 price target
GE wins $1 bln of orders in Asia-Pacific region
Man Group's China chief in custody: report

New on the shelves of your local Apple Store: drones

Best time to buy a new car may be just around the corner
U.S. car sales are stronger than expected
10 cities in U.S. with the most horrific traffic

Canada’s economy enters recession — arguably

How China turned minor yuan issue into global rout
Chinese factory data pull Asian shares lower
Beijing bumbling is China’s biggest problem

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
Apple talks to Hollywood for exclusive content
Apple, Cisco team to put business users on iOS
Apple will let iPhone and iPad users block ads
Lost Apple deal leads to 40% job cut at GT

Avi Gilburt: There is a lot of bull left in this stock market
There’s a lot of bull left in this stock market

Gold screams summer stock correction not over
Gold screams stock correction not over

Unlucky lottery winner gets IOU from Illinois

Yahoo CEO Marissa Mayer
Yahoo CEO Marissa Mayer pregnant with twins

Apttus joins the billion-dollar startup club
Apttus joins the billion-dollar startup club


Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Classified details blacked out in new Clinton emails
Classified details blacked out in new emails
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Taleb’s ‘Black Swan’ fund made $1 bln in a week

Personal beliefs don’t belong in retirement accounts

Take your company pension, or buy an annuity?
Take your company pension, or buy an annuity?

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others
Happy 85th birthday to the $67 billion man

Ode to that legendary New York steakhouse the Palm

U.S. ready to punish China firms over cyber theft

Teacher with 111 tardies puts blame on breakfast
The automat is back — with a lot more quinoa

Disney to unveil ‘Star Wars’ toys in unboxing event
Walt Disney leads Dow's losers for August


/conga/frontpage.html 353841

Markets »

75.35MDow Volume:
Avg Vol: 109.98M
Unchanged
144
Decliners
5209
Advancers
1146
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,096 -432 2.62%
Nasdaq
/quotes/zigman/12633936/realtime 4,659 -118 2.46%
S&P 500
/quotes/zigman/3870025/realtime 1,920 -53 2.67%
GlobalDow
/quotes/zigman/629063/realtime 2,300 -55 2.34%
Gold
/quotes/zigman/662444/delayed 1,141 +8 0.73%
Oil
/quotes/zigman/2331095/delayed 45.63 -3.57 7.26%
FTSE 100
/quotes/zigman/3173262/delayed 6,059 -189 3.03%
DAX
/quotes/zigman/2380246/delayed 10,016 -244 2.38%
CAC 40
/quotes/zigman/3173214/delayed 4,541 -112 2.40%
FTSE MIB
/quotes/zigman/1482176/delayed 21,451 -491 2.24%
IBEX 35
/quotes/zigman/2759620/delayed 9,993 -266 2.59%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -10 2.73%
Asia Dow
/quotes/zigman/6959860/realtime 2,718 -66 2.38%
Nikkei 225
/quotes/zigman/5986735/delayed 18,166 -725 3.84%
Hang Seng
/quotes/zigman/2622475/delayed 21,185 -485 2.24%
Shanghai
/quotes/zigman/1859015/delayed 3,167 -39 1.23%
Sensex
/quotes/zigman/1652085/delayed 25,696 -587 2.23%
Singapore
/quotes/zigman/1709939/delayed 2,883 -39 1.32%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.78%
Yen
/quotes/zigman/16008150/realtime/sampled 119.66 -1.57 1.29%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.20%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 -0.01 1.19%
DXY Index
/quotes/zigman/1652083/delayed 95.37 -0.55 0.58%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.21 -0.22 0.25%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 -0.03 1.44%
German 10y
/quotes/zigman/15866409/realtime 0.80 +0.06 8.79%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.08 4.05%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.08 3.76%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.83 -0.02 1.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.36 -0.02 4.88%
Crude Oil
/quotes/zigman/2331095/delayed 46 -4 7.26%
Gold
/quotes/zigman/662444/delayed 1,141 +8 0.73%
Corn
/quotes/zigman/7599553/delayed 368 -8 2.00%
DJIA F
/quotes/zigman/38649152/delayed 16,067 -441 2.67%
S&P F
/quotes/zigman/30356461/delayed 1,915 -55 2.78%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.13%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.62 -1.81 -2.02%
AAPL /quotes/zigman/68270/composite 109.90 -2.86 -2.54%
GOOG /quotes/zigman/30194416/composite 601.98 -16.27 -2.63%
BAC /quotes/zigman/190927/composite 15.66 -0.68 -4.17%
C /quotes/zigman/5065548/composite 50.95 -2.53 -4.73%
F /quotes/zigman/264304/composite 13.75 -0.12 -0.90%
T /quotes/zigman/398198/composite 32.34 -0.86 -2.59%
BP /quotes/zigman/247026/composite 32.30 -1.24 -3.71%
GE /quotes/zigman/227468/composite 24.01 -0.82 -3.28%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/8669138/composite DWTI+16.69%
  • /quotes/zigman/57221/composite ARIA-5.30%
  • /quotes/zigman/55553287/composite NK+2.51%
  • /quotes/zigman/464645/composite VMW+0.58%
  • /quotes/zigman/53883068/composite PLNT+5.62%
X
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