Golden girls living for the lanai
My definition of “golden girls” refers to the class of aging women who ultimately outlive their men, and who somehow end up living together and having a lanai to which they retreat for relaxation. That is what I hope for my woman.
I am already falling apart and there is no doubt that her genetic history is better than mine.
This article says most women don’t plan for outliving their men. I don’t know how much control anyone has over their lives. Some, probably, but not much. Golden girls have a natural propensity to collect themselves, and hopefully enjoy their bonus round to the their ultimate pleasure.
Half of American women will live past age 85, but almost none of them are planning for it. You can count on it, because the actuaries say so.
A new study from the Society of Actuaries (SOA) finds that 92 percent of female retirees, and 89 percent of pre-retirees, haven’t done the financial planning necessary to live comfortably for their full lifespan. Women outlive men by an average of four years (see chart), so they have a critical need to plan for inflation, health expenses and long-term care needs. The study notes that inflation averaged 3.5 percent from 1980 to 2009; medical inflation — which affects seniors disproportionately — averaged 5.8 percent over the same period.
“Inflation is a greater risk for those who live longer,” says Anna Rappaport, one of the actuaries who wrote the report for SOA. “Women also tend to need more resources for long-term care. Their greater longevity means they tend to be ill for longer periods, and they’re less likely to have a family member available to care for them.””