Podcast Episode 29 – YOUR Life Expectancy is NOT 78.7 years!

Social Security claiming decisions would be soooo flippin’ easy if we only knew when we were going to die.But guess what? We don’t.

So, we have to make some basic assumptions of our life expectancy. Thankfully, the good folks at the Social Security Administration provide us a nice table to use. Unfortunately, most people don’t look at that life table. They simply will read “The new average life expectancy for Americans is 78.7 years”.

The problem with this number is that it’s not true…for you. It’s true for a new born bouncing baby today. But not for anyone who is listening to this podcast or certainly someone who is considering taking Social Security!

If you are a 62 year old male today your life expectancy is another 20 years.  If you are female it is 23 more years.  Thus a 62 year old today can expect to live into their 80s.

However, this is just the population. Take out smokers and your life expectancy increases.  If you’re educated, maybe eat well, etc. YOUR specific life expectancy will be MUCH higher.

Average life expectancy mean NOTHING when it comes to your specific situation.   Please understand this.

If you want to maximize your benefits, you need to consider Cost Of Living Adjustments plus your life expectancy plus your surviving spouse.  These are the three things that are critical for you to determine when you should file.


See the following videos for help in this decision:


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