The longevity conundrum: Could your retirement savings last you to 120?
- Posted on August 19th, 2013 filed in Web
Michael Tucker, a professor of finance at Fairfield University who has studied optimal retirement strategies, says that living into your 100s simply requires more retirement savings than most people have. “If you’re going to retire at 65 and live to 120, you need a lot of money,” he says. “It’s really not feasible to live in retirement for 50 years unless you have $5 million.”
Published in Daily Finance, Legal Pro News, Business Insider, Wallet Pop on 8/9/13