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

Today, I’m talking about the last thing you’ll want to do to protect yourself against longevity risk, and that is Have a plan B.

This will mean different things to different people, and it’s something you;ll need to take action on in advance, before you’re 85, broke, and considering moving back in with your children. 

Some options to consider:LTC insurance, a reverse mortgage, keep more cash on hand to reduce portfolio withdrawals during market declines, be willing to practice austerity and cut back. 

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