For years, we have talked about the risks of retirement. Market Volatility, Inflation, The Cycle of Returns, and of course… Longevity.
Longevity is a risk multiplier!
Think inflation is bad? It only get’s worse as time goes on.
Worried about market volatility? It isn’t slowing down, and historically only gets more volatile over time.
The list goes on, but of all the risks that retirees are facing today, none exacerbates their concerns like the risk of longevity.
Fox Business News recently posted this article where Anna Rappaport, a fellow at the Society of Actuaries, discusses how longevity risk can be at least partially mitigated through careful planning and timing of benefits.
You can download the article here to share it with your clients.
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Source: http://www.foxbusiness.com/markets/2018/02/15/consumer-concerns-have-increased-over-financial-retirement-risks.html Photo credit: Cropped view of a senior woman receiving help with her finances from her granddaughterhttp://188.8.131.52/DATA/istock_collage/0/shoots/783362.jpg (PeopleImages)