We all want to live a long and good life, but what does that mean from a financial standpoint? What kind of financial plan do you need to prepare and how can you plan appropriately for an unknown lifespan?
Read more on the topic here: https://philstaxhacks.com/podcast/ep-50-the-financial-risks-to-living-longer/
Watch the video podcast: https://youtu.be/kef-ksH57ds
On today's show:
0:55 - Dunkin’ Donuts is planning to close hundreds of stores.
3:10 - What’s the average lifespan look like?
5:22 - Are you planning for living a long life?
6:37 - What is a risk multiplier?
7:51 - How old is Phil’s oldest client?
9:06 - What is the probability one of you in a marriage will live to a certain age?
12:02 - How effectively does the average person plan for longevity?
12:56 - What happens if you need long-term care?
15:15 - Mailbag: Which account should you withdraw from first when you retire?
