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How to Avoid Running Out of Money in Retirement
These strategies will help you prevent outliving your retirement savings
One of the most common retirement concerns is spending down your savings too quickly and having to cut your standard of living in the later part of retirement. But there are a variety of ways to ensure that your nest egg will last for the rest of your life, no matter how long that is. Here are some strategies to make sure your retirement savings will provide you with enough income throughout retirement.
Maximize Social Security. Your first line of defense against running out of money is Social Security. Social Security payments are guaranteed to continue for the rest of your life, no matter how long you live, and are adjusted for inflation each year. Read more…