The Paradox of Preservation: Why Retirees Underspend and How to Rethink Longevity Risk
For decades, the financial planning industry has been obsessed with a single, daunting specter: longevity risk. Retirees are bombarded with warnings that they might outlive their nest eggs, leading many to stress-test their portfolios against the possibility of living to age 95 or beyond. While this caution is grounded in sound actuarial science, it has…
