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Are you overestimating or underestimating the length of your retirement?
According to new research on retirement, it found many people underestimate their average lifespan which can have a detrimental effect on their ability to retire successfully. Although there are massive amount of literature examining objective mortality factors, there is no consensus approach to estimating the length of retirement. In research conducted by Morningstar, it found that retirement periods based on personalized mortality factors can vary more than 15 years, resulting in significantly different estimates for required savings. Read article here…
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