Longer Life Could Mean More Retirement Risk with Brian Britt Part 1

In this episode, Dave Hall and Brian Britt delve into the critical topic of longevity risk in retirement. They dissect the financial implications of extended life expectancy and the inadequacies of relying solely on Social Security for retirement income. The conversation underscores the importance of seeking professional financial guidance and building a reliable support system for a success, lasting retirement.  

Key Themes:

1. Longevity risk: Addressing longer-than-expected lifespans

2. Family longevity: Understanding genetic predisposition for lifespan 

3. Retirement income: Ensuring a reliable source of income 

4. Social Security: Its role as a supplemental retirement benefit

Episode Takeaways: 

• Plan for the Long Haul: It's crucial to carefully consider living beyond life expectancy when devising retirement plans, taking into account family history as a significant factor in longevity. 
• Social Security as Supplement: Social Security should be regarded as a supplementary income source rather than the primary source of funds for retirement, with additional savings and investments being necessary for financial stability.
• Get help from a Retirement Risk Advisor: Having experts that specialize in retirement risk to guide you is important to ensure that your retirement funds last as long as you do.