Marguerita-Cheng-8-How might life expectancy affect retirement planning
Marguerita M. Cheng explains that life expectancy significantly impacts retirement planning, emphasizing the importance of funding for at least 20 years—and potentially up to 40 years—of retirement expenses.
Video Transcript
When I'm developing a retirement plan for an individual or couple, many times, I ask them questions.
I ask them how much they want to spend in retirement. And while we don't necessarily know how long we're gonna live in retirement, it's important that we are funding for at least twenty years. In fact, it's not unusual for people to spend forty years in retirement.
