This week’s theme on the Retirement Quick Tips Podcast is: the single biggest threat to your retirement

Today, I’m talking about what to do about your own longevity risk, part 2. Yesterday I talked about the most important thing you should do about your longevity risk, which is to simply plan to live at least until your life expectancy, if not longer when making decisions for your retirement. 

So if you’ve done that, then what? The second thing you can do to address your own longevity risk is to stick to a sustainable, tax-efficient (withdrawal order), withdrawal rate (ideally no more than 3-4%) & prioritize portfolio income in retirement (to help you generate the necessary and growing stream of income you’ll need to combat against inflation over a multi-decade retirement.

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance