Why Longevity matters (APR 2020)

Longevity risk is a worry for many people. We help our clients understand they need to plan for longevity – not life expectancy. Even if you think you’ll live to 84 based on the history of your parents and grandparents (one of the best methods of assessing your likely longevity), planning for a scenario in which you’ll live longer than that reduces the risk that you’ll outlive your assets.  We tend to plan for a scenario in which our clients live to 95, or even to 100. Why? Because planning for the high side manages the risk most effectively.