5 money risks to consider while planning retirement

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

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

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

Fall in annuity rate
Fall in annuity rate
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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.

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

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