What is Longevity Risk & how can you mitigate it?

Most of us are aware of the financial risks associated with the Investment portfolios, businesses, or retirement plans. Some of these risks are controllable while others are not – the Market risk is an example of the prior while Financial risk/Credit risk falls in the latter category. Managing these risks is an important part of managing your business, investments or savings plan. One such risk which has emerged in a big way is the Longevity risk – which describes what would happen if you were to Outlive your savings. This is a real worry in today’s World as lifespans continue…...