Anyone retiring today may have to fund their retirement for considerably longer than previous generations. A study by researchers in Lucerne shows that as life expectancy rises, so does the risk that one’s savings will no longer be sufficient in old age. Anyone retiring at the age of 65 today should not base their financial planning solely on average life expectancy. A significant proportion of the population has a good chance of spending 25 years or more in retirement. According to a study publ