What If You Live Too Long? – 276

Most people understand the risk of dying too soon or getting sick along the way. But there’s another retirement risk that can be harder to think about: living longer than expected. A long life can be a great thing, but from a planning standpoint, those extra years still have to be funded.

If you build your plan only around average life expectancy, that can leave too much to chance. Some money may need to provide stability, while other money still needs room to grow. The REAL challenge is making sure your plan can last without forcing you to live too cautiously.

How can you reduce the risk of outliving your money without giving up the ability to enjoy retirement? Learn more from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!

The opinions voiced in this show (program; podcast) are for general information and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to make a decision.

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