How life expectancy factors into retirement planning
When you're planning how to save and use your retirement funds, it's a tough "longevity puzzle" to crack, writes Liam Pleven for the Wall Street Journal:
Even as life expectancy rises, the threat of passing away prematurely persists. More than 632,000 U.S. residents 60 to 74 years old will die in 2014, representing nearly a quarter of all deaths, the U.S. Census Bureau projects.
That means many people may make more financial sacrifices than they need to.
How long you will live is the most important but unpredictable variable in your financial plan. Trying to make sure retirement is both solvent and satisfying means taking the whims of fate into account.
On The Daily Circuit, we offer advice for balancing quality of life and planning for the unexpected.
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