One of the most important assumptions you will make when planning for retirement is life expectancy. While we can reasonably estimate each of our retirement income sources and dollar amounts, a crucially important variable we don’t have is how long we’ll live: Therefore, you don’t know how long exactly your retirement will last.
So what can you do? Contact us. We have information on longevity and the calculations that are currently being suggested. What demographics live longer? The difference is enough to have an impact on your retirement savings. Additionally, you could live unexpectedly long regardless of your demographic. In that instance, you need to be able to count on the fact that your retirement savings run out.
Together, we can review your income sources and apply them to your specific situation to see if your savings plans seem sufficient. There may be options out there that can provide you with a source of income you can’t outlive. We’re always here to help.