b'LOOKING FORWARDRoss Greenwood explains.HERES A SMALL TIPIF YOU HAVENTother side. Like the retirement lifestyle adsSo a man who reaches 66 years can expect,ALREADY REALISED IT YOURE GOING TOalways seem to portray. on average, to live until 85.1and a 66 year BE OLDER ONE DAY. old woman can expect to live until 87.7. Get But heres the truth in the modern world. Morethataround an extra 20 years of life. Indeed, Now I know Ive knocked your socks off bypeople are working longer than ever before,the fastest growing age-group in our society stating the obvious, the funny thing is manyand thats because, as a nation, were living(in percentage terms, I stress) are those aged people dont realise itand therefore dontlonger. This should be celebrated because itover 100.plan for the future. is the one true measurement of the prosperity Butwiththisincreasedlongevitycomes and health-care of our nation. consequences. The healthcare and pension The truth is, you have more years of living ahead of you than you imagine.Heres the current state of life expectancy.systemofAustraliaisunderongoing The Bureau of Statistics says a boy born todaypressure because, with age, come higher Plentyofpeopleseetheirretirementasacan expect to live 80.7 years and a girl 84.9costs in these areas.brick-wallloomingupinfrontofthem.Asyears. But theres a quirk in the statistics. TheThepressureonanindividualspersonal though their working life is about hurdling thatolder you live, the longer the statistics say youfinances as they age is a real thing, especially wall to get to the nirvana of retirement on thewill live. withrecordlowinterestrates.Asaresult, 26SUMMER2019'