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✉news BusinessBusiness first seen 21 h ago, last 21 h ago, peak #30

Planning for a retirement that outlasts your savings

Original: Strategies: What if you outlive your financial plan?

Financial commentators are examining what happens when retirees live longer than their money does. The discussion centres on strategies to make savings last — adjusting withdrawal rates, delaying benefits, annuitising assets and revisiting plans as longevity increases. Advisers warn that many retirement plans were built for shorter lifespans, and readers are being urged to stress-test their finances against the risk of outliving their assets.

Why now: Longevity risk in retirement planning is a growing concern for ageing savers and financial advisers.

retireesfinancial plannersThe Business Journals

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