When managing longevity risk, it pays to listen to our elders. The late Charlie Munger, who died at age 99, was known not just for his market-beating investments but also for his wise musings. His favorite saying was, “All I want to know is where I'm going to die, so I'll never go there.”
Ironically, much of retirement planning revolves around trying to give yourself that level of control and assurance — especially amid the uncertainties of a long life. Living a long, happy life is the ultimate goal, but with it comes the challenge of ensuring your finances can go the distance.
