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Don’t Run Out of Money in Retirement
It’s often people’s greatest fear as they age into retirement– will I have enough to sustain me? Since we don’t typically know how long we will live, this proves challenging to manage. Christy Bieber says 77% of Americans are at risk of running out of money. Two strategies designed to mitigate that are 1.) increase your savings rate; 2.) set a safe withdrawal rate. Full piece here.
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