People are living longer than ever—and while that’s something to celebrate, it also brings new financial challenges. If you retire in your 60s, your savings may need to last 30 years or more. Add in the rising cost of healthcare, housing, and day-to-day living, and it’s clear: preparing for a longer retirement isn’t just smart, it’s essential.
At Mundt & Associates, we help clients across Minnesota, Iowa, and Texas plan for the realities of modern retirement—so you can move forward with clarity and confidence.
The Longevity Challenge
Advances in medicine and technology mean today’s retirees are living longer, healthier lives. According to the Social Security Administration, a 65-year-old today has a nearly 1 in 3 chance of living past 90.
But longer lifespans also mean:
More years of income needed
Increased healthcare and long-term care costs
Greater exposure to inflation and market changes
If your retirement plan was built around a 20-year timeline, it may need an update.
Planning for the Long Haul
Here are a few key strategies we often discuss with clients:
- Create Multiple Income Streams
Relying on one or two sources of income (like Social Security and a pension) may not be enough. Consider combining:
Personal savings and investments
Insurance-based strategies
Tax-deferred tools
Lifetime income products
- Build in Flexibility
Your needs—and the economy—will change over time. We help clients structure plans that can adapt as needed, whether it’s shifting distributions, adjusting asset allocations, or exploring long-term care options. - Plan for Health Care and Inflation
Healthcare costs often rise faster than inflation. Planning for future medical expenses—including Medicare, supplements, and potential long-term care—is critical. We work to build those projected costs into your retirement timeline.
Why This Matters More Than Ever
Living longer is a gift—but it requires thoughtful preparation. With the right strategy, you can enjoy your retirement years without constantly worrying about running out of money or keeping up with rising prices.
At Mundt & Associates, we take time to understand your goals, your timeline, and your risk comfort. Whether you’re nearing retirement or already there, we’ll help you make informed decisions and adjust your plan for today’s realities—and tomorrow’s possibilities.
Serving Clients Across Minnesota, Iowa, and Texas
Retirement doesn’t have to be uncertain. With a steady plan in place, you can move into this next chapter with greater peace of mind.
Let’s talk. Mundt & Associates serves individuals and families across Minnesota, Iowa, and Texas, helping you prepare for retirement with experience, care, and clarity.