You’re saving for retirement. But, like many Americans, you’re probably not sure whether you have (or will have) enough in your nest egg to fund your retirement.
What’s more, you might not be sure how best to manage some of the major risks you’ll likely face in retirement such as longevity, investment, inflation, health and long-term care.
Be unsure no more. In a presentation delivered last week at the Society of Actuaries’ 2017 Living to 100 Symposium, Vickie Bajtelsmit, a professor at Colorado State University and co-author of a new study, outlined the link between life span and the wealth needed to successfully fund retirement, and which strategies can best address some of retirement’s biggest risks.
Longevity risk and life expectancy trends
One challenge to funding retirement is getting a handle your lifespan. And what we know now is this: You and/or your spouse are likely to live a long life. And many households are not planning to live as long as they actually will live, said Bajtelsmit during her presentation.