Crossword Genius

Young forever lacking regular income? Wife's gone (7)

Ross

I believe the answer is:

ageless

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'regular income? wife's gone' is the definition.
I can't tell whether this definition defines the answer.

'young forever lacking' is the wordplay.
'young forever' becomes 'age' (I can't explain this - if you can you should believe this answer much more).
'lacking' becomes 'less' (I've seen this in another clue).
'age'+'less'='AGELESS'

Can you help me to learn more?

(Other definitions for ageless that I've seen before include "Never growing old" , "Lasting a long time" , "Never appearing to grow old" , "Sea-legs (anag.)" , "impossible to date" .)

I've seen this clue in The Telegraph.
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