Longevity Risk: Insights From Recent Seminars
Money Talk
SEPTEMBER 28, 2023
Longevity is defined by the Merriam-Webster dictionary as “a long duration of individual life.” It is also a key financial risk for older adults (i.e., not having enough saved and outliving retirement savings because this money has to last a long time). A recent study found that 63% of pre-retirees feared running out of money more than death vs. 46% of retired respondents.
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