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Longevity Risk: How To Prepare Your Finances For A Longer Life Expectancy

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When it comes to retirement planning, much of the focus usually rests on the actions you have to take to prepare a nest egg for your golden years. But what if your retirement savings run out before you do? This is where the concept of longevity risk comes into play.

Longevity risk is a growing concern as life expectancies in certain countries and regions continue to rise. Let’s explore the idea that you may outlive your retirement savings, why that matters, and how it can impact your ongoing attempts at building a retirement plan. Most importantly, we’ll discuss various strategies and solutions you can use to manage the risk and create a secure retirement even if you live to 100.

This post originally appeared at DUE.