Experts warn retirees about outliving savings as life expectancy grows

As Americans live longer, more retirees face the risk of outliving their savings — a challenge financial planners call “longevity risk.” Joseph Eschleman of Towerpoint Wealth in Sacramento says withdrawal strategies, tax planning, and income coordination with Social Security and pensions are key to making retirement funds last. Inflation and healthcare costs, estimated at more than $300,000 for the average couple, add further pressure. Experts recommend creating a sustainable plan to balance growth, expenses, and income needs throughout retirement.