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5 money risks to consider while planning retirement

Longevity risk

Longevity risk

The risk of living longer than estimated and running out of funds accumulated for retirement. This is what is called as longevity risk.

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Inflation

Inflation

Underestimating the effects of inflation on expenses through the retirement period is one of the biggest challenges of retirement planning.

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Inadequate planning

Inadequate planning

Ignoring the effects of aging and not adequately planning for expenses related to health can deplete your retirement corpus.

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Fall in annuity rate

Fall in annuity rate

If not planned well, fall in annuity rate and interest rates will lead to inadequate income through retirement and can cause huge stress on your corpus.

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Unplanned withdrawals

Unplanned withdrawals

Unplanned withdrawal from the accumulated corpus at an early stage of retirement may result in shortfall in the later stages.

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