Longevity, Life Expectancy, and Lifetime Income
How long can you reasonably expect to live? That’s a key retirement planning question. And it raises questions about how to add protected lifetime income to your portfolio so you don’t outlive your money.
Do you need to plan for a 20-year retirement, a 30-year retirement, or longer? If you’re married, will you outlive your spouse? The exact answers to these tough questions are unknowable. But you can do a lot better than just guesstimating. By using a life expectancy calculator, along with guidance from a financial professional, you can explore the probability of living to a certain age. Then you can design a solid retirement plan that offers protection you need.