Longevity Significant Risk To Retirees

(by Benefits and Pensions Monitor)

There is a significant risk to consider when it comes to assuring financial security in retirement: the risk of outliving one’s assets ‒ also known as longevity risk, says ‘The Challenge of Longevity Risk: Making Retirement Income Last a Lifetime,’ a paper by the American Academy of Actuaries, the Actuaries Institute Australia, and the Institute and Faculty of Actuaries (IFoA) in the United Kingdom