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