11
3. Using your savings and
outliving your assets
Innovations in healthcare have skyrocketed today's average life expectancies, making longevity one
of the most important factors in planning a successful retirement. Most retirees vastly underestimate
how long their retirement will last (e.g., 20, 30, 40 years). You and your spouse's current health,
family history, and the amount of assets you want to transfer to your heirs all need to be considered.
Now what?
Whether you plan to fully retire or just reduce the time you spend working, how do you ensure the
years ahead are as rich and meaningful as you envision them? And most important, how do you
make sure the money lasts? After all, your plans for the last third of your life are too important and
too exciting to leave the financing to chance.
As your financial advisor, we work with you every step of the way to help ensure your plan's success
and help you avoid common mistakes that can undermine your plans.
For example, we use a goals-based approach to investing and have investments tailored to every
stage of investing—from accumulation to maintenance to distribution.
Source (chart): American Academy of Actuaries and Society of Actuaries, Actuares Longevity
Illustrator, http:// www.longevityillustrator.org/ (accessed February 18, 2025).
Source (table): 2024 OASDI Trustees Report, Table V.A4.—Period Life Expectancy,
www.ssa.gov/oact/TR/2024/lr5a4.html (accessed February 18, 2025).
Year
.
Women
Average
life
expectancy
at
age
.
.
.
Men
.
.
.
Dierence
.
.
%
%
%
%
%
%
%
%
%
%
%
•%
%
%
%
•%
%
%
%
%
%
%
years
years
years
years
Women
Men
One
partner
Both
partners
Life expectancy probabilities
If you're age 65 today, the probability of living to a specific age or beyond
