Actuaries Longevity Illustrator

Financing for retirement can be complicated, and there are many factors that must be taken into account. One of the most important factors, which is sometimes misunderstood, is your longevity-that is, how long you might actually live. This is different from your life expectancy, which is how long an individual of your age, gender, and health would be anticipated to live on average. There is a significant chance that you will live for many years beyond the average, and you should consider this possibility when thinking about your retirement. Reflecting on this possibility will allow you to consider the risks of outliving your financial resources, i.e., the chance of running out of money during your lifetime, which is referred to here as retiree financial longevity risk. This Actuaries Longevity Illustrator (“ALI”) helps you do that by letting you see how long you might live. Take a look. You might be surprised by the results!

If your retirement plans involve two people, the considerations become even more complex. The ALI addresses two crucial concerns: “How long can we expect to live as a couple?” and “By how many years might one of us outlive the other?”