Longevity Can Be a Blessing, but Not in Retirement Planning
Can You Overcome Life Expectancy Risk in Early Retirement Planning?
My thoughts on what you can do to avoid poverty in your old age, and what six financial pros have to say
A few days ago I read this interesting piece by Mel Schlesinger titled “More Terrible Retirement Advice in the Headlines.”
In the article he writes (among many other interesting and helpful nuggets), “Whether it is your family health history or the life expectancy at a given age, planning for anything less than age 100 can get you in trouble.”
That reminded me of how I noticed a long time ago that planning for a “perpetual” retirement (i.e., one where you’d expect to have enough no matter how long you live) doesn’t require much more than a “normal” retirement length.
I left a comment to that effect.
Then, it occurred to me I have a lot more to say about that, so here goes…
Retirement Planning Needs to Deal with Multiple Risks
There are seven major risks when crafting your retirement plan. One of these is the so-called “longevity risk.”
