Suppose longevity goes way up, and we're all living to 115. We can't expect to retire at 65 and take our final 50 years off. On the other hand, do we want to work until 100 and have a traditional 15-year retirement?
Suppose longevity goes way up, and we're all living to 115, ... We can't expect to retire at 65 and take our final 50 years off. On the other hand, do we want to work until 100 and have a traditional 15-year retirement?
More than half the time, one or the other will be around at 90, so you definitely need your money to last until at least 90.