The Risk of Longevity to Your Retirement

We’re all living longer thanks to modern medicine, and that should be a good thing, right? Being able to enjoy life, and retirement, for many years is a great thing, but it also presents a big risk to retirement.   This longevity risk refers to the risk of outliving your retirement savings. This is becoming a growing concern, especially with increasing life expectancies. In this episode, we’re going to highlight the importance of strategic thinking, valuing time over money, and implementing a holistic retirement plan that includes investing, income tax, and estate planning.   Here are some of what we discuss in this episode:   Why can living a long time carry a lot of risk? We address the financial challenges that come with living longer. What can you do if running out of money is suddenly a reality? How we work with people and plan for those that come into our office with this worry.   About Retirease Radio: Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances. Connect: Medina Law Group: https://www.jerseyestateplanning.com/  Palante Wealth Advisors: https://palantewealth.com/