The NY Times has published a special report entitled “Making Sure Retirement Savings Don’t Run Out,” which covers just what the title describes. The article begins as follows:
We are living longer, but the life expectancy of our money may have trouble keeping pace.
The combination of longer retirements and more exaggerated cycles in financial markets heightens what financial advisers call longevity risk, the possibility of running out of money before running out of time. But adjustments can be made to investment portfolios, financial plans and lifestyles — before and after retirement — to limit the risk, they say, without increasing other risks.
“People are living longer and looking with a more critical eye at their retirement and whether they’ll have enough funds,” said Leo Kelly III, chief executive of Kelly Wealth Management in Hunt Valley, Md. An affirmative answer “comes down to two things: investing intelligently and allocating assets correctly.”
Read the full article at Making Sure Retirement Savings Don’t Run Out – NYTimes.com.