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The "Longevity Risk" and Retirement Planning - usnews.com
The Allianz Center for the Future of Retirement, via a recent survey, found that two-thirds of Americans worry more about running out of money prior to their demise than about death itself. Although the fear is common, its severity depends largely on age, since younger people have more time to prepare their finances for the long term.
A post yesterday by U.S. News & World Report contributor Geoff Williams takes a serious look at longevity risk, focusing on the implications and steps people can take to manage the odds this inevitability presents. Check it out here.
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