Outliving your assets in retirement is a significant concern for most retirees. Here’s a good, basic article that discusses the problems associated with estimating your retirement savings needs based on your life expectancy.
In the coming months, watch for a paper on this same topic that I’m co-authoring with Alan Stonewall, FSPA, MAAA, EA. We will be delving into the topic in more depth and will offer some planning suggestions for how to deal with the uncertainties of life expectancy.
