Big Picture Retirement

How Long Will I Live? Planning for Longevity in Retirement

Informações:

Synopsis

In this episode, we talk about an important part of retirement planning that many people overlook—figuring out how long you might live. We explain why using average life expectancy or guessing based on family history can be risky, and why it’s important to plan for a longer life. We also share tools that can help you estimate how long your savings need to last, whether you’re planning on your own or with a partner. Making a solid plan for how long you’ll need your money is key to a secure retirement. Resources to use:  Actuaries Longevity Illustrator (ALI) https://www.longevityillustrator.org/   SSA Life Expectancy Calculator https://www.ssa.gov/oact/population/longevity.html   If you’re thinking, "I love the Big Picture Retirement podcast!” please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a confident retirement. Just scroll down to the “ratings and reviews” section, tap to rate with five stars, and select “Write a Review.” Then be sure to let u