Retirements are getting longer because people are living longer. Life expectancy is up across the globe. And that’s a great achievement for society. The challenge is that many people cannot fund that extended time in retirement.
So, now, we’re trying to figure out how to make our money last so we don’t run out of money before we run out of life. That poses many issues for individuals and society as a whole. Longer lives are putting many people at risk of outliving their money.
