Business
We all want to live a long and good life, but what does that mean from a financial standpoint? What kind of financial plan do you need to prepare and how can you plan appropriately for an unknown lifespan? Read more on the topic here: https://philstaxhacks.com/podcast/ep-50-the-financial-risks-to-living-longer/ Watch the video podcast: https://youtu.be/kef-ksH57ds On today's show: 0:55 - Dunkin’ Donuts is planning to close hundreds of stores.3:10 - What’s the average lifespan look like?5:22 - Are you planning for living a long life?6:37 - What is a risk multiplier?7:51 - How old is Phil’s oldest client?9:06 - What is the probability one of you in a marriage will live to a certain age?12:02 - How effectively does the average person plan for longevity?12:56 - What happens if you need long-term care?15:15 - Mailbag: Which account should you withdraw from first when you retire?