Article preview: One of the biggest challenges associated with retirement planning is forecasting life expectancy. If you underestimate your life expectancy, you risk failing to save enough for retirement or running out of money in later life. Overestimate your life expectancy, and there’s a risk of saving too much or spending too little in your golden years, failing to live the life you want. According to some new research, we have a habit of underestimating our life expectancy. As a result, we could face an £80,000 shortfall in our retirement savings.
Underestimating life expectancy in retirement
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This 489-word blog post considers new research which found people are underestimating their life expectancy, with serious implications for retirement planning. Written on 15th October 2019.
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