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Learn MoreLongevity Risk is the chance that you will live longer than financially expected, resulting in greater cash flow needs than anticipated. This can be a serious problem, as it can drain your retirement savings and leave you without the resources you need to live comfortably in your later years.
The Longevity Risk Report within Decision Center enables you to plan more confidently by reassuring clients that they’ll be okay or by providing the opportunity to adjust the plan if there is a shortfall.
Provide greater confidence in your plan by taking it one step further. Confidence Age involves a customizable Monte Carlo metric that determines the age at which the Monte Carlo success rate is projected to drop below the predetermined confidence threshold. By implementing Confidence Age, you’ll gain a deeper understanding of the longevity of your client’s financial plan, determining exactly when the client’s savings may start to dwindle and when they may need to make adjustments to their financial plan. This level of insight provides you with the confidence to plan more accurately for your client’s financial future.
The example shared in the video below with Marc and Antonio Esposito shows you how the Longevity Risk Report and Confidence Age can take your client conversations to the next level.
Longevity Risk is a top-of-mind concern when creating a financial plan. It is essential to understanding the risks associated with outliving your retirement savings.
Additional Resources
Search Longevity Risk in the Help menu to find user guides such as the Longevity Risk in Decision Center and a How-to guide that provides step-by-step instructions on accessing the Monte Carlo Longevity Risk report.
Still have questions? You can also contact our Client Support at 888.362.8482.
