Planning for longevity in retirement involves preparing financially and emotionally for a potentially long retirement period. Since life expectancies are increasing, it's important to ensure that your savings and investments can support you for 20-30 years or more. This may require saving more during your working years, investing in a mix of assets that provide growth and stability, and considering strategies like annuities or long-term care insurance. It's also crucial to maintain a healthy lifestyle to reduce the risk of health issues that could impact your retirement. Additionally, planning for longevity involves staying socially connected and engaged in activities that give meaning and purpose to your life as you age, ensuring a fulfilling retirement experience.
