Filed Under:Annuities, Suitability

Running out of funds in retirement

LIMRA finds misinterpreted life expectancy data can lead to problems

Fifty-nine percent of advisors in a recent LIMRA survey reported that they had “major concerns” about their clients outliving their assets.

Cautionary tales abound detailing the potential devastating outcomes of the longevity crisis — the combination of an extended lifespan and an inadequate retirement plan — have yet to force the masses to recalibrate their income plan during retirement in order to not outlive their money.

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Nichole Morford

Nichole Morford
Managing Editor

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