The need for Longevity Literacy in retirement planning - CNBC

More than half of American adults did not know how long people generally tend to live in retirement, according to a recent report from TIAA Institute. This factor could lead to them failing to save enough money to last as long as they do. Women with longer life expectancies than men tend to live more years in retirement and have a greater chance of exhausting other sources of retirement income. Sharon Epperson reports on the need for longevity literacy in retirement planning. Read Ms. Epperson’s article here…

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