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Stock impact report

For retirees who live to age 100, there’s good news and bad news [Toronto Globe and Mail (Ontario, Canada)]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
You’re retired, you’ve invested wisely and now it’s time to reap the rewards of a well-managed investment portfolio. That means travelling, spending on a few luxuries and continuing to cross items off your post-retirement bucket list. Even better: You’ve won the genetic lottery. You’ve exceeded your life expectancy, and there’s a chance you might live to age 100. Now here’s the bad news: That could be a big financial problem, because your wealth projections didn’t take your longevity into account. Story continues below advertisement “When we do retirement plans now we very rarely project [clients living] to less than age 100,” says Kevin MacLeod, a financial planner with Money Advisor Wealth Management in Calgary. “We want to make sure they don’t run out of money.” Living longer is a pleasant predicament for many Canadians, but it can become a financial challenge. Open this photo in gallery If living t Show less Read more
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