Will You Outlive Your Savings? The Longevity Crisis Every Retiree Should Understand

Are you prepared to live 25–30 years in retirement? In this episode of the Answers for Elders Radio Show, host Suzanne Newman welcomes Lindsay Friedman, Founder and CEO of CareBLOOM and LT Care NAV, along with Michael Banner, founder of the 62 Who Knew podcast and retirement planning platform. Together they explore one of the most important questions facing older adults today: Will you outlive your savings, or will your money continue working for you as you age?

As life expectancy increases, retirement planning has become far more complex than it was for previous generations. Michael shares why longevity is changing the financial landscape for retirees and why running out of money has become a greater fear than death for many Americans over age 62. The conversation covers retirement income, long-term care planning, home equity, rising healthcare costs, Social Security concerns, and the importance of building a trusted team of advisors.

Part 2 focuses on practical solutions for one of retirement's biggest challenges: paying for long-term care and maintaining financial security as you age. The discussion explores powerful retirement planning tools that many seniors and their families may not fully understand, including long-term care planning, reverse mortgages, home equity strategies, annuities, veterans benefits, estate planning, and aging-in-place solutions. Michael and Lindsay explain why there is no one-size-fits-all approach to longevity planning and why understanding your options today can help protect your quality of life tomorrow.

This episode is a must-listen for retirees, caregivers, adult children, and anyone preparing for retirement. Learn why delaying important financial decisions can create unnecessary hardship, how proactive planning can preserve independence and dignity, and why having conversations with family members before a crisis occurs may be one of the most important gifts you can leave as part of your legacy.

Connect with Michael Banner and 62WhoKnew

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Connect with Lindsay Friedman

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Connect with Answers for Elders

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