Summerlin Benefits Consulting Q&AAnswer
Oct 23, 2024 - 12:12 PM
Longevity impacts retirement planning by increasing the risk of outliving your savings. A longer retirement period means more years of withdrawals, which can strain your nest egg, especially if you face market fluctuations. To mitigate this risk, it's crucial to work with a financial professional and consider safer investment options, such as Fixed Index Annuities, which provide income stability. Balancing risk and growth is essential to ensure your assets last throughout your extended retirement.
