Baseball and the Longevity Threat

    Baseball and the Longevity Threat

    By Allen Wastler

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    Here’s a little factoid to keep in mind as the Boys of Summer take the field for this year’s baseball season: Not only are they getting paid to play a game…they are likely to live longer too.

    That’s right; about five years longer, according to a 2009 study by University of Houston researchers.1

    Makes sense, right? To make it to the major leagues, these gentlemen already have to be pretty healthy. And they are out there exercising and breathing fresh air all day long to boot.

    Well, that’s part of it.

    “Compared to the general male population, MLB players enjoy longer life expectancies, in part because they are selected for fitness and talent, and they have high levels of physical activity and prestige during their baseball careers,” the study declared.

    But there’s more. The longer they play, the better the odds that they will live longer.

    “Career length is inversely associated with the risk of death, likely because those who play longer gain additional incomes, physical fitness, and training,” the study found.

    Given the average male longevity in the United States is about 76.4 years right now, according to the National Center for Health Statistics, that means successful pro baseball players can contemplate living into their 80s.

    Which leads to something everyone should contemplate. The longer you live the greater the potential impact all of the retirement risks (inflation, excessive withdrawals, health care costs, etc.) will have on your ability to sustain an income.  At the same time your cognitive abilities to make financial decisions could be declining the longer you live. The combination can be concerning.

    Source: MassMutual, April 2016.

    That should prompt you, whether you’re a ball player or not, to think about retirement strategies that will keep you comfortable in that longevity. We have some suggestions here.

    And that’s our pitch. Enjoy the baseball season.

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    1 Saint Onge JM, Rogers RG, Krueger PM. Major League Baseball Players’ Life Expectancies. Social science quarterly. 2008;89(3):817-830. doi:10.1111/j.1540-6237.2008.00562.x.  July 17, 2008.