Wednesday, April 10, 2013
Studies indicate that most people underestimate their life expectancy. Rebekah Barsch, Vice President of Market Strategy at Northwestern Mutual, says that today's longer life expectancies force us to rethink many old ideas about retirement income planning--now we need to create a reliable income stream throughout our retirement.
To avoid outliving our money, experts suggest that, to live comfortably in retirement, we need 80% of our pre-retirement income. Barsch argues that this 80% rule no longer applies because we're all living longer. Forbes then links to a video you can register for and watch to learn how to avoid the risk of outliving your money.
See Avoid the Risk of Outliving Your Money, Forbes, Apr. 10, 2013.