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The Risk of Living a Long Time
Manage episode 407397479 series 3560500
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More and more people are living a longer time, which is a great thing. But it can also pose a significant risk to your retirement if you haven’t planned properly.
If we knew exactly how long you were going to live, determining how much you need for retirement would be pretty easy. Since we can’t plug that number into a calculation, we need to take the proper steps to ensure your money lasts as long as you do. In this episode, we’ll talk about planning with longevity in mind and how we build that risk into every plan we build.
Here’s some of what we discuss in this episode:
- Why Victor would choose spending money to gain time when given the option.
- Who are some of the older people we work with.
- Does longevity run in Victor’s family?
- How effective are people at planning for this possibility of a long retirement on their own?
- How we help people who worry about running out of money.
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/
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