11.11.25

The Longevity Blind Spot: How Advisors Can Change Clients' Thinking

by: Elijah Nicholson-Messmer

A new study from the Center for Retirement Research reveals that most Americans underestimate their life expectancy, often basing it on how long their parents lived — a misconception that can jeopardize retirement planning. The survey of nearly 2,000 adults aged 45 to 70 found that only about a quarter revised their longevity estimates after being shown life expectancy data. However, those who already rely on professional advice, such as from financial advisors, were significantly more likely to adjust their expectations. Advisors play a key role in educating clients about longevity, using data-driven tools and conservative planning to ensure retirement funds last, often projecting plans through age 100.

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