“You have to worry about getting unlucky and living to 100,” said Richard Thaler, a Nobel Prize winner in economics, during a Brookings Institution event Thursday."
"How long you’ll live and how much money you’ll need in retirement are unknown, he noted. “There’s nothing like ‘age 65,’” Thaler said. “You may know when you retire that you are in poor health and cash out and live it up, but no one knows that they are a high risk to live to 100.”
https://www.marketwatch.com/story/n...-getting-unlucky-and-living-to-100-2019-04-18?
"How long you’ll live and how much money you’ll need in retirement are unknown, he noted. “There’s nothing like ‘age 65,’” Thaler said. “You may know when you retire that you are in poor health and cash out and live it up, but no one knows that they are a high risk to live to 100.”
https://www.marketwatch.com/story/n...-getting-unlucky-and-living-to-100-2019-04-18?