New Delhi, July 14 -- BlackRock Chairman and CEO Larry Fink believes one of the biggest financial challenges facing individuals today is preparing for longer life expectancy. His latest remarks underscore a growing concern among economists and retirement planners: as people live longer, simply saving money is no longer enough. Instead, Fink argues that long-term investing is essential to maintaining financial security throughout retirement.

Speaking about the implications of increased longevity, Fink said: "To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that can be leveraged, not a curse. They must understand that there's a cost to sitting in cash. No ...