Is your retirement plan ready for the longevity revolution?

Sometimes a whole crate of birthday candles might not be enough.

Americans are living longer than ever, with the average life expectancy now rising to about 79 years. Some have referred to this trend as the “longevity revolution,” but it’s also creating a revolution in the way people think about retirement.

What worked for retirees a generation ago isn’t going to work today. For most people, pensions are no more. Social Security has an uncertain future. And individual savings aren’t where they need to be for far too many people.

That uncertainty means people need to consider a number of factor...