{"id":1253,"date":"2014-05-13T09:58:19","date_gmt":"2014-05-13T14:58:19","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=1253"},"modified":"2014-05-13T09:58:19","modified_gmt":"2014-05-13T14:58:19","slug":"how-living-longer-can-hurt-your-retirement-planning","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/how-living-longer-can-hurt-your-retirement-planning","title":{"rendered":"How living longer can hurt your retirement planning"},"content":{"rendered":"<p>My comments on a recent article in the Toronto Star\u00a0 &#8220;<a href=\"http:\/\/www.thestar.com\/business\/personal_finance\/2014\/05\/10\/how_living_longer_can_hurt_your_retirement_planning.html\">How living longer can hurt your retirement planning<\/a>&#8221; by\u00a0<span class=\"credit\">Moshe A. Milevsky<\/span> &amp; <span class=\"credit\">Alexandra Macqueen<\/span><\/p>\n<p>This is another comprehensible article for all retirees to consider.<\/p>\n<p>Now we are faced with the fact that we could live longer for varied reasons and the question is, how do we cope with that?<\/p>\n<p>It might seem a simplistic answer but this is the reason<a href=\"http:\/\/www.lifeannuities.com\"> life annuities<\/a> were designed.They take out that risk of outliving your money and put the risk on the shoulders of the insurance company. As you don&#8217;t intend to shovel snow when you are older but rely on someone else, so you hire the insurance company to send you monthly cheques.<\/p>\n<p>The talk of mortality tables and longevity risk means little to each person who is concerned with their own situation. And all these theoretical discussions never mention the physical and\/or mental health of health of the annuitants. All the planning goes out the window when somebody becomes ill.<\/p>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>How living longer can hurt your retirement planning <a href=\"http:\/\/t.co\/ox1seLKiHt\">http:\/\/t.co\/ox1seLKiHt<\/a><\/p>\n<p>\u2014 TorontoStar (@TorontoStar) <a href=\"https:\/\/twitter.com\/TorontoStar\/statuses\/465070831668695040\">May 10, 2014<\/a><\/p><\/blockquote>\n<p><script src=\"\/\/platform.twitter.com\/widgets.js\" async=\"\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\nHow living longer can hurt your retirement planning <a href=\"http:\/\/t.co\/7vpVVYXHcH\">http:\/\/t.co\/7vpVVYXHcH<\/a> via <a href=\"https:\/\/twitter.com\/TorontoStar\">@torontostar<\/a> &#8211; my article with <a href=\"https:\/\/twitter.com\/RetirementQuant\">@RetirementQuant<\/a> today<\/p>\n<p>\u2014 Alexandra Macqueen (@MoneyGal) <a href=\"https:\/\/twitter.com\/MoneyGal\/statuses\/465292200901738496\">May 11, 2014<\/a>\n<\/p><\/blockquote>\n<p><script src=\"\/\/platform.twitter.com\/widgets.js\" async=\"\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>My comments on a recent article in the Toronto Star\u00a0 &#8220;How living longer can hurt your retirement planning&#8221; by\u00a0Moshe A.[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[188,4,5,236,234,235,238,237,287],"class_list":["post-1253","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-annuitant","tag-annuities","tag-annuity","tag-hurt","tag-living","tag-longer","tag-plan","tag-planning","tag-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=1253"}],"version-history":[{"count":1,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1253\/revisions"}],"predecessor-version":[{"id":1254,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1253\/revisions\/1254"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=1253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=1253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=1253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}