Cortburg Speaks Retirement
Tune in every Wednesday to "Cortburg Speaks Retirement," your go-to podcast for the latest insights on investing, financial planning, and retirement strategies!
Join Certified Retirement Counselor, Miguel Gonzalez, as he delves into timely investment topics, offers expert advice on money management, and addresses common concerns about navigating the stock market.
Cortburg Speaks Retirement
How Long Will Your Retirement Really Last?
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People are living longer than ever — but many retirement plans were never built for a 30-year retirement.
In this episode, Miguel Gonzalez discusses longevity risk, rising healthcare costs, and the financial challenges that can come with a longer retirement timeline.
Miguel Gonzalez is a Certified Retirement Counselor (CRC) with over 25 years of experience helping individuals and families design retirement income strategies and long-term financial plans. He is the Managing Partner of Cortburg Retirement Advisors, a boutique firm focused on retirement planning, investment management, and financial clarity.
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Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®
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Welcome to Cortburg Speaks Retirement
An audio podcast about investing in the stock market, financial planning, money management and retirement planning. Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.
Now here is your host, Miguel Gonzalez.
Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.
When people think about retirement planning, they often focus on reaching retirement.
But another important question is how long retirement may last.
As life expectancy continues to increase, many individuals are spending 25, 30, or even more years in retirement. Because of this, longevity has become an important consideration in financial planning.
Today I want to talk about longevity risk and what it may mean for retirement planning.
1. Increasing Life Expectancy
Advances in healthcare, technology, and lifestyle awareness have contributed to longer life expectancies.
While living longer is certainly a positive development, it also means retirement savings may need to support a longer period of time than previous generations experienced.
Planning with longevity in mind helps create a more realistic financial outlook.
2. Understanding Longevity Risk
Longevity risk simply refers to the possibility of outliving your financial resources.
If retirement lasts longer than expected, spending, healthcare costs, and other financial needs may extend further into the future.
Being aware of this possibility allows individuals to think more strategically about their retirement income plans.
3. Creating Sustainable Withdrawal Strategies
One of the key elements of longevity planning is developing a withdrawal strategy that supports spending needs while allowing investments to continue working over time.
A thoughtful withdrawal approach may help balance current lifestyle needs with the goal of maintaining financial resources for the future.
4. Considering Healthcare and Lifestyle Costs
Living longer may also mean planning for evolving healthcare needs and lifestyle expenses.
Medical care, housing choices, and day-to-day living costs can all change over time.
Thinking about these possibilities early allows individuals to incorporate them into their long-term planning.
5. Reviewing Your Plan Periodically
Longevity planning is not a one-time decision.
Regular financial reviews can help ensure that retirement income strategies continue to align with life expectancy assumptions, personal goals, and financial resources.
These periodic check-ins can provide reassurance and help individuals stay proactive in their planning.
In Closing
Living longer is one of the most meaningful changes shaping modern retirement.
By acknowledging longevity risk and planning thoughtfully, individuals can help ensure their financial strategies support a retirement that may last for decades.
This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.
End of video disclosures:
CRC conferred by The International Foundation for Retirement Education.
Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through Private Advisor Group, LLC, a registered investment advisor.
Private Advisor Group, LLC and Cortburg Retirement Advisors, Inc. are separate entities from LPL Financial.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
