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How Long Will You Live in Retirement? Want to Bet on It?
Milliman Retirement Town Hall 
June 16, 2014 "The [DOL] now offers a tool to help employees assess their paths toward providing for their retirements.... The tool makes a simplifying assumption that may cause employees to underestimate how much they will need at retirement. It assumes each employee will survive in retirement according to an average life expectancy (roughly age 85 to 90, depending on retirement age, gender, etc.).... Relying on any tool to calculate how much we can spend in retirement may cause our retirement account balances to run out sometime around our late 80s. What happens then?" MORE >> |
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