Invest for the long term

If you die young, it could be financially devastating for your spouse and children. But don’t ignore the other risk: What if you live far longer than you ever imagined?
Many retirees are so concerned about dying young that they rush to claim Social Security early and they refuse to buy lifetime-income annuities. This is indeed the right strategy if you’re convinced that you and your spouse have a short life expectancy and you want to die a little richer.