Longevity Risk
Living a long time isn’t supposed to be a bad thing and it almost seems counterintuitive to categorize it as a risk. But it is. Let’s take a look at how longevity plays a role in a financial plan and have an honest conversation about how deal with the “problem” of living too long. Show Notes: 1:12 - Main Topic - Longevity Risk 2:25 - How Old Is Your Oldest Client? 2:39 - Oldest Person In Your Family? 3:20 - Who Is The Oldest Person You Have Personally Known? 4:00 - Why Is Living Long Risky? 7:02 - Have People Prepared For Longevity Appropriately? 9:10 - Client Story 11:00 - Starting The Conversation 15:07 - Millie Says She Was Going To Get Serious About Retirement Within The Next Year, But Wants Out Of Her Job Now