When you plan your retirement, you’d probably rather think about which vacations to budget for than how long you’ll live. Yet longevity should be a major part of your financial planning — otherwise, you run the risk of outliving your savings. Even if you live a frugal lifestyle, factors like rising healthcare costs, market downturns or poor withdrawal decisions can chip into your nest egg faster than you’d expect.
Read More: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k)
