Living Long and Financially Strong: Tackling Longevity Risk
If either one of us has a shot of being able to help the other down the road when we're older, this idea that we're not wired for self-care- we've got a lot to talk about with that, as it relates to risk in the market and as it relates to specifically a risk I want to bring into the room Today. Today I want to talk about longevity risk.
Imagine reaching the age of 90, or even 100, and realizing your savings might not last. That's the daunting scenario hosts Matthew Grishman and Jim Gebhardt tackle in this episode of 'Financial Sobriety'. They dive into the critical issue of longevity risk—outliving your money—and what it means for the baby boomer generation, which is set to become the longest-living demographic in history. The conversation is grounded in personal experience, making it relatable and deeply insightful.
Matthew and Jim don't just throw around financial jargon; they share practical advice on how to plan for a long life without financial stress. From smart self-care practices to strategic financial planning, they cover all the bases. But it's not just about numbers and savings accounts. The episode also highlights the emotional side of preparing for a long life. How do you stay mentally and emotionally prepared for the challenges that come with aging?
How do you maintain meaningful connections and ensure you're living a fulfilling life, even in your later years? This episode is a must-listen for anyone looking to secure their financial future while also nurturing their emotional well-being. It's not just about surviving; it's about thriving well into your golden years.