“Longevity Risk” in Retirement

When you hear “risk of longevity,” what exactly is meant? Longevity refers to “long life” or “length of life.” Simply put, longevity risk is the risk that someone will outlive their wealth and available income. It’s a fact that people are living longer. Not only has the average life expectancy increased, but one out of every four 65-year-olds living today...
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