5 money risks to consider while planning retirement
Longevity riskThe risk of living longer than estimated and running out of funds accumulated for retirement. This is what is called as longevity risk.
InflationUnderestimating the effects of inflation on expenses through the retirement period is one of the biggest challenges of retirement planning.
Inadequate planningIgnoring the effects of aging and not adequately planning for expenses related to health can deplete your retirement corpus.
Fall in annuity rateIf 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.
Unplanned withdrawalsUnplanned withdrawal from the accumulated corpus at an early stage of retirement may result in shortfall in the later stages.