Protect Against Longevity Shock: An Interview With Moshe Milevsky

York University Professor Moshe Milevsky, today’s foremost authority on retirement finance, discusses his new book, “Longevity Insurance for a Biological Age,” which provocatively asks: “What if the number of years planet earth has circled the sun with you as a passenger is the wrong metric?” Milevsky thinks chronological age is indeed a poor metric, which distorts one’s work strategy, asset allocation and everything else that in actuality keys off one’s biological age. He says a shift to biological thinking will one day make annuities as “legitimate” as life insurance now is. He recounts his rationale for purchasing a deferred income annuity and the strong negative reaction it induced in others, and explains the difference between investment and insurance, and why both are needed.Learn more about your ad choices. Visit megaphone.fm/adchoices