Story thread · 2 reports / 2 sources

How to make sure you don’t outlive your money

fastcompany.com · 2hShare

Anytime a grizzled mentor in a movie mentions that he’s one day away from collecting his pension, the audience knows he won’t make it to the end credits. Filmmakers rely on this cliché for a reason: The heartbreaking unfairness resonates with all of us. Nearly everyone can name a family member, colleague, or friend who never got to enjoy their retirement because death came too soon. Dying before you get a chance to enjoy the hard-earned fruits of your labor feels like the worst thing in the world. But fewer people consider the other side of the coin: What if you live a long life after retirement? There’s no ideal retirement age that fits everyone—but no matter when you plan to retire, you need ask yourself if you’re financially prepared for longevity. Underestimating your chances of living to 100 may not feel as tragic as dying the day before you retire, but it’s the slow-moving retirement tragedy that you can prevent. Here’s how to make longevity part of your retirement plans. Imagine

First report: You saved for retirement your whole life. So why are you afraid to spend it? — thestreet.com, 2d