Calculating Personalized Client Lifespan Estimates, With Jeremy Ko

One of the great challenges of retirement planning is that an individual's exact lifespan is unknown. Given this uncertainty and the potentially severe consequences of underestimating a client's life expentancy (i.e., possibly exhausting their portfolio prematurely), it's common for advisors (and financial planning software) to use standardized, conservative lifespan estimates.

In this episode, Jeremy Ko, an economist and the founder of ShoreUp Retirement Solutions, explains how creating personalized lifespan assumptions can be easier than many might assume, allowing for more accurate retirement planning inputs (that can still be adjusted based on risk preferences if desired). He also discusses the key health and lifestyle factors that influence longevity, several free tools advisors can use to create more accurate lifespan projections, and practical advice on having sensitive conversations about life expectancy with clients.

For show notes and a full episode transcript visit: www.kitces.com/FAT2

Click here to learn more about becoming a Kitces.com premier member.