{
  "id": 2557820,
  "title": "How to make sure you don’t outlive your money",
  "url": "https://urgent.news/2026/08/22/how-to-make-sure-you-dont-outlive-your-money",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T10:00:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91593254/how-to-make-sure-you-dont-outlive-your-money"
  },
  "original_language": "en",
  "account": "Retirement planning often overlooks the risk of living a long life after retiring. Many people assume they will die before enjoying their golden years, but the reality is that many people live well into their 90s and beyond. This long life after retirement can present a unique set of challenges that must be considered when planning for the future. One way to better prepare for longevity is to imagine yourself at 100 years old. By visualizing what your life might look like in your 90s, you can start to connect with your future self and prioritize saving for their needs. This age-progressed image can help you better understand the daily challenges and care that may be necessary as you age. It's important to recognize the forever fallacy, which is a cognitive bias that causes us to believe our current circumstances will remain unchanged forever. This can lead to underestimating the impact of aging on our health and financial situation. For instance, 80% of 65-year-olds will require some form of long-term care, which is not covered by Medicare. Despite this, only 20% of Americans have taken into account retirement healthcare costs. To combat this bias, it's crucial to consider how your circumstances may change over time, particularly regarding health and care needs. When it comes to Social Security, many retirees make the mistake of trying to maximize their benefits by delaying them as long as possible. While taking benefits later may result in higher payments, it also means giving up the option to work during retirement. This strategy assumes that dying young is the worst-case scenario, but living a long life can present its own set of financial challenges. Instead of focusing on the fear of not receiving enough benefits if you die young, try to envision living a long life and plan accordingly. By taking a proactive approach to retirement planning, you can better prepare for a future where longevity is a reality.",
  "summary": "Anytime a grizzled mentor in a movie mentions that he’s one day away from collecting his pension, the audience knows he won’t make it to the end credits. Filmmakers rely on this cliché for a reason: The heartbreaking unfairness resonates with all of us. Nearly everyone can name a family member, colleague, or friend who never got to enjoy their retirement because death came too soon. Dying before…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}