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Retirement Thoughts: What are concerns most future retirees? - moneytalksnews.com
For many future retirees, the goal was to increase savings to a level that would be comforting, and for many, that meant a seven-figure balance in their cash-asset ledger. Things have changed a bit. A recent BlackRock survey, for example, indicates that older Americans worry more about the duration of their cash than its size. In other words, “guaranteed income” is the key to retirement security today. As explained in a MoneyTalksNews post by personal finance writer Kendall Blythe, “The old goal was wealth accumulation; the new goal is income decumulation without the terror of going broke at 85. It turns out that watching a $1 million portfolio swing wildly in a volatile market does not feel like freedom. It feels like risk.” https://www.moneytalksnews.com/author/kendall-blythe/
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