Thanks to advances in healthcare and lifestyle, people are living well into their 80s and 90s. While that’s something to celebrate, it also presents a challenge—how to make your savings last as long as you do.
This is what financial professionals call longevity risk—the possibility of outliving your savings. In our latest episode of The Legacy Lab, RMC Group’s Megan Davis and Ashley Simpson sit down with retirement expert Tamara Middleton, VP of Pension Operations, to unpack what longevity planning really means and how to prepare for it.
Save more and start sooner
Diversify your income streams
Plan for healthcare and inflation
Rethink your lifestyle
Make longevity planning an ongoing process
Planning for longevity isn’t just about money—it’s about ensuring your future quality of life. Start early, save more, and work with professionals who can align your financial, tax, and insurance strategies for the long run.