This week, I’m sharing with you several types of stress tests that you should run on your retirement portfolio. Just like a stress test in the cardiologist’s office, a controlled test on your retirement portfolio helps you see the potential holes in your plan and address them before they lead to major issues down the road. 

Today, I’m talking about the longevity problem. Most good plans for retirement should project your money to last at least age 85 or 90. But what if you need your money to last longer than that? Could your portfolio go the distance for another 10 or 15 years? 

Most people don’t expect to live well into their 80s or 90s, but if you’re 65 years old today and married, there’s nearly a 1 in 10 chance that one of you will live to be 100. And you have about a 30% chance of living to age 90. 

So while it’s unlikely you’ll live to age 100, you want to at least plan to need your money to last until age 90. That way if you live longer than you expect, your portfolio doesn’t run out before your ticker stops ticking. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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