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Running out versus running short of money in your retirement
A recent survey from Aegon Retirement Readiness found the fear of running out of money is pervasive in the United States with nearly half of Americans have this concern. However, according to a recent study by David Blanchett, head of retirement research at Morningstar, and Warren Cormier, executive director of the Defined Contribution Institutional Investment Association’s Retirement Research Center, “ once retired, though, people often reduce their spending enough to make their money last.” In Liz Weston’s column, she asks whether or not you will run out of money in retirement? Read Ms. Weston’s column here…
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