Where Clients Go Wrong in Predicting Life Expectancy

November 2, 2021 by David Blanchett

The length of retirement is one of the most important assumptions in a financial plan. Despite its uncertainty, care must be taken to ensure mortality assumptions are reasonable because errors in estimates can significantly impact the plan.

Recently, I explored the efficacy of subjective mortality estimates, or in less fancy terms, how accurate people are at predicting their life expectancy, in research published in the Journal of Retirement.

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Originally Posted at ThinkAdvisor on October 26, 2021 by David Blanchett.