Topic 5 – Research on Longevity

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Longevity risk has also been researched by a well known author, and that well known author brings it to light as to why we need to plan on a long life. And what risks we’re actually subjecting ourselves to by living that longer life into our nineties, or perhaps the century Mark of 100.

Tom Hegna, who is an author economist and retirement specialist for the retirement planning industry is quoted as saying, although everyone wants to live a long life, longevity is not just a risk, tt’s the risk multiplier. It’s the risk multiplier of other risks in retirement. Market risk, withdrawal rate risk, sequence risk, inflation, deflation, increasing taxes, long-term care insurance needs. Longevity risk is hands down the number one risk in retirement. The longer you live, the more likely the market will crash. The longer you live, the more likely you withdraw too much money. The longer you live, the more likely inflation can decimate your purchasing power. The longer you live, the more likely you’ll need long-term care. To retire successfully today. You must take longevity risk off the table.