5 money risks to consider while planning retirement
The risk of living longer than estimated and running out of funds accumulated for retirement. This is what is called as longevity risk.
BCCLUnderestimating the effects of inflation on expenses through the retirement period is one of the biggest challenges of retirement planning.
ThinkStock PhotosIgnoring the effects of aging and not adequately planning for expenses related to health can deplete your retirement corpus.
ThinkStock PhotosIf 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.
ThinkStock PhotosUnplanned withdrawal from the accumulated corpus at an early stage of retirement may result in shortfall in the later stages.
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