Will you live past your life expectancy? Chances are you will say no. We have a tendency to underestimate how long we will live. I challenge you to change your thinking when thinking of retirement income planning decisions from “I’ll never live that long” to “what if I do?”

Retirement spending rates have been subject to much research and debate in the last few years. The central issue is spending from a portfolio that will have future uncertain returns, and uncertainty is prevalent in both conservative and aggressive risk portfolios, just to different extents.