Ep #7: Retirement Risk #2 – Longevity

Many people underestimate their life expectancy, leading to miscalculations in how much they’ll need for retirement. While you can’t predict your exact lifespan, there are key strategies you can use to make sure you don’t outlive your savings. In this episode of Your Retirement Planning Simplified, we’ll guide you through calculating how much you need for a secure and stress-free retirement.

We’ll discuss the importance of having financial strategies in place to stabilize your finances during market downturns and explain how rethinking your life expectancy can impact your planning. We’ll also explore what experts predict about the future of technology and healthcare, and why regularly reviewing your retirement plan is essential for long-term financial security.

Learn how to prepare for a longer retirement, build a resilient financial plan, and confidently enjoy your retirement years without the fear of running out of money.

What You’ll Learn In Today’s Episode:

  • The importance of having a strategy for handling less than ideal market conditions early on in retirement.

  • How to avoid underestimating how long you will live.

  • Why it’s crucial to have a strategy and not a projection.

  • Current data for life expectancy.

  • Why changing your perspective on life expectancy is key.

Ideas Worth Sharing:

“People massively underestimate how long they are going to live.” – Joe Curry

“When you have good returns early on in retirement, you build enough of a buffer to get through any bad markets later on in retirement.” – Joe Curry

“Don’t think about your life expectancy. Think about life expectancy in general and see if that shifts your perspective.” – Joe Curry

Resources In Today’s Episode:

If you like Your Retirement Planning Simplified…

Never miss an episode by subscribing via Apple podcast, Spotify, Stitcher, Google podcast, or by RSS!

Whenever you’re ready… here are 2 ways I can help you with your Retirement Planning:

  1. Are you ready to retire? Use my FREE Retirement Readiness Calculator to run your numbers to see if you’re truly ready to retire.

  2. Book your Intro Call with me to see if my expertise matches your situation. If I’m not the right fit for you, I will happily point you in the right direction to get the advice you need.

Previous
Previous

Ep #8: Retirement Risk #3: The Risk of Being Too Conservative

Next
Next

Ep # 6 - Retirement Risk #1 – Sequence of Returns and Why the Game Changes in Retirement