Longevity: Don’t Plan for an Average Retirement

Americans are living longer than ever before. Everyone knows that, it seems, except investors! Retirees frequently underestimate their life expectancy and the number of years they are likely to spend in retirement. It is critical we help investors understand their accurate life expectancy and the implications for retirement income planning. While the uncertainty of longevity cannot be eliminated, we can plan and manage for it.

Here are some key points:

  • Life expectancy is underestimated. 43% of retirees underestimate life expectancy by at least five years.1
  • A simplistic approach to longevity planning may overlook a client’s health and lifestyle choices, which help determine a client’s life span.
  • It is critical we help investors understand a more complete view of their life expectancy probabilities and the implications for retirement income planning.

We at E2E Financial take a serious look at longevity and the importance that your investments not only last but also grow for you entire life. A point that is largely misunderstood.

Need a second opinion on your retirement planning? Reach out to get your complementary assessment.

 
1 Society of Actuaries, 2011 Risks and Process of Retirement Survey

ARE YOU READY TO TAKE YOUR PRACTICE TO THE NEXT LEVEL?

CONTACT

We Support the GDA

CONTACT

We Support the GDA