Five tips to ensure your retirement funds last

As Americans are living longer, it is becoming increasingly important to amass retirement funds that will last throughout those extended years. Yahoo Finance contributor Ross Mac breaks down five key financial tips to help prepare for a longer life.ADVERTISEMENTAll right guys, it's your boy, Ross Mack of economics and look as life expectancies rise.Look longer life spans means that retirement funds need to last us a lot longer than they did before.

You wanna have roughly 25 times your annual expenses saved for retirement in order to feel comfortable.You wanna have a mix of safer assets and higher yielding assets that balances the risk and the returns that you want. And look guys, it's important to note that as you get older, you wanna shift your investment mix to safer investments.

Look guys, as you get older, that risk tolerance is gonna go down just because you don't wanna have those volatile returns in your portfolio.Try your hardest to max out those contributions and your four one K and your rough ira. Now, the biggest tip I always recommend is make sure that you're maxing out your employer contributions.So therefore, I want you to consider investing in the HS A account health savings account which offers you tax advantage ways to cover your medical expenses when it comes to retirement.

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