Understanding Your Lifespan: Are You Making a Critical Mistake in Your Retirement Plan?
Contemplating one’s lifespan might seem daunting, but formulating a practical and well-informed estimate is crucial when crafting a retirement plan that ensures financial stability. Regrettably, many American adults do not possess sufficient “longevity literacy,” which can lead to significant obstacles in retirement planning. Let’s delve into this critical subject. The Prevalence of Insufficient ‘Longevity Literacy’ A recent study by the Global Financial Literacy Excellence Center and the TIAA Institute discovered that fewer than 40% of …