It takes considerable planning to make your ideal retirement a reality. Your retirement strategy depends on a number of different factors, including time horizon, risk tolerance, expenses in retirement, and others. But no matter how diligently you take these factors into account, one number can throw a wrench in all your planning: life expectancy.
What happens when you plan for 25 years of retirement and end up living for 35 years after you retire? Conversely, what happens to all the money you’ve set aside if you overestimate how many years you’ll spend in retirement? This article from MarketWatch explains how life expectancy can dramatically alter your retirement strategy.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.
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