Retirees need 'longevity strategy'

The late, great Yogi Berra supposedly said it: “The future ain’t what it used to be.” And the same could be said of retirement. Due to several factors, such as advances in health care, today’s retirees are living longer, more active lives than their predecessors. In fact, you could spend two, or even three, decades in retirement – which means you need a “longevity strategy.”

Such a strategy needs to be part of your overall retirement income strategy, but here are five key areas you’ll need to address:

• Lifestyle – What do you plan to do during your retirement years? Travel the world? Stay clo...