You could live a long time. Will your money last? [Video]

* Welcome back. More and more people are living well into their 80s and even their 90s, and that’s raising questions about whether their savings can keep up. Nicole Ewing, Director of Tax and Estate Planning at TD Wealth, joins me now with some ideas to help you enjoy your hard-earned money without having it run out and some examples.

– Nicole, always great to have you with us. I’m going to jump right in. What are the risks to having people’s money run out?

* We have market volatility, inflation, taxes, overspending, health care costs. Perhaps we’re funding our children’s care or even their children. Maybe our parents are living longer, as well, and we’re also funding them. We could be having financial abuse, being vulnerable to that. So there’s a lot of different potential ways that we have calls on our money in retirement, both positive and potentially …