Living Longer in Retirement – Are You Prepared?
Most of us hope to live to age 100 or more. But keep in mind that when it comes to preparing for retirement, a long life could have an effect on the amount you need to set aside to help be financially comfortable throughout your retirement years.
Why longevity matters
With a longer life comes a greater risk of outliving your retirement savings, so it’s important to plan ahead for more years in retirement.
Investing involves market risk, including possible loss of the money invested.
Did you know that about one in three couples will have a spouse living to age 95?1 Whether single or married, living into your 80s and 90s is becoming increasingly common. Those numbers translate into more retirement years that you should plan for now.
To see the big picture of how much income you may need to fund more years in retirement, use the My Interactive Retirement PlannerSM
Get the help you need
Consider what you need to do now to enter retirement with financial confidence. Consult your employer or one of our Retirement Specialists for more information.
1EBRI Retirement Confidence Survey, 2015.