#286 | Why Longevity Risk Is Impacting Your Retirement Plan More Than You Think - Financial Literacy, Financial Advisors & Wealth

Worried about the current investment climate and your money?Click the link below and book a call for personalized advice to help you feel secure and protected about your retirement:https://makebetterwealthdecisions.s.gy/podcastWhat if the biggest threat to your retirement isn’t a market crash—but living much longer than you expected?Many Canadians build retirement plans assuming they'll live into their mid-80s, but today's reality is very different. Advances in healthcare, lifestyle, and longevity mean many retirees could spend decades longer in retirement than they originally planned for.In this episode, we explore the concept of Longevity Risk—the financial danger of outliving your money—and why it remains one of the most overlooked risks in retirement planning.By listening, you'll learn:Why planning to age 85 may no longer be sufficient and why many financial planning professionals now use age 95 as a more prudent planning horizon.How unrealistic return assumptions and life expectancy estimates can create hidden weaknesses in an otherwise solid retirement plan.What strategies may help reduce Longevity Risk, including sustainable withdrawal rates, guaranteed income solutions, and maximizing retirement income sources.If you want greater confidence that your retirement savings can support you throughout a long and healthy life, this episode will help you understand the risks and planning decisions that matter most.John De Goey's Books. Grab your copy from Amazon:Bullshift: How Optimism Bias Threatens Your FinancesSTANDUP to the Financial Services IndustryThe Professional Financial Advisor IV