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Living too long is a risk!
Many people say they want to live a long time, but they don’t really understand the financial implications of that wish. If you don’t make the necessary monetary preparations for a long life, you could end up penniless and have to rely on family or the government safety net for support.
- How long will you live?
- Estimate your life expectancy — change your life
- Experts warn of retirement crisis
So how long might you live? This post follows up my last post, which discussed a recent report from the American Academy of Actuaries that addressed longevity risk — the risk of living beyond your life expectancy. Read more…