Jul 20, 2019
There are many retirement risks, such as: stock market performance, inflation, a volatile regulatory environment, the deterioration of good health, withdrawal timing and the need for long-term care. All have the potential to wreak havoc on retirement savings, but one risk could be more significant than the rest, Longevity.
It’s a unique challenge for this generation of retirees and their financial advisors — a longer life, though undeniably a “good thing,” brings with it a harsh reality. Underestimating the financial implications of longevity may result in an increased chance of exhausting one’s retirement savings.