3 Steps to Avoid Running Out of Money in Retirement
You can mitigate this huge risk with the right strategy.
Overview
Many pre-retirees worry that once they stop working and age, they'll face health issues, boredom, and social isolation. But there's one fear you can't ignore in the course of your retirement planning: running out of money.
Even if you kick off retirement with a few million dollars in your IRA or 401(k), there's a risk of depleting your nest egg. But with the right strategy, you can mitigate it significantly. Here are three steps to avoid ending up with $0 in retirement savings.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.