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Subject:  Re: Funding Retirement Date:  10/6/2012  11:17 AM
Author:  trader2012 Number:  34458 of 35877


Thanks for responding.

For sure, there are many ways to estimate one’s life-span. E.g., one can use the ‘interview approach’. What were the ages of your parents/grandparents when they died? and causes? Do you smoke? Exercise? Have a heart condition? Etc. But the questionnaires are too easy to game. You know what answers you should give, and it’s too easy to obtain an unrealistic result.

At the other end of the spectrum, one can simply guess a number, which isn’t as bad an idea as it sounds. On average, those who think they will live a long life, do so by an average of seven years longer than those they think they are short-lived.

A third approach is to pull a number from an actuarial life table, such as is found at the SS website. But the number can be pulled from the table in several ways, one which is your