Archives for Retirement Risks

7 Hidden Retirement Risks

Longevity   The average life expectancy has increased. Chances are that if you’ve reached 65 years old you will live into your mid-80s according to life expectancy calculations. Many are living even longer—one in four people will live into their 90s, while one in ten will live past 95. Make sure that your retirement plan takes longevity into account so that you don’t run out of money—no matter how long you live. Loss of Income Make sure both you and your spouse are protected from the unexpected. Consider the financial impact of the loss of one spouse, running the numbers both
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Categories: Retirement Risks.

“Longevity Risk” in Retirement

When you hear your financial advisor mention “risk of longevity,” what exactly are we talking about? Longevity refers to “long life” or “length of life.” Simply put, longevity risk is the risk that someone will outlive their wealth and available income. It’s a fact that people are living longer. Not only has the average life expectancy increased, but one out of every four 65-year-olds living today will live past the age of 90. One out of 10 will live past 95–the number of people living to age 100 increased more than 43% from 2000 to 2014! From a financial point
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Categories: Retirement Risks.