Today, because life expectancy is so much longer than it ever has been, people are concerned
about running out of money in retirement.
Many people worry
about running out of money in retirement and some work longer than they would like to avoid such a possibility.
Not exact matches
You know
about the so - called 4 percent rule — the rule financial planners use to make sure you don't spend too much and
run out of money too early
in retirement.
A Gallup poll conducted for Wells Fargo and released Friday found that respondents were more worried
about another crisis occurring during their
retirement than they were
about running out of money or working
in retirement.
So if you never pay back your loans, your
money will
run out about a third faster,
in most cases, compared to better ways
of investing for
retirement.
So if you never pay back your loans, your
money will
run out about a third faster,
in most cases, compared to better Methods
of investing for
retirement income.
Financial planners creating a
retirement income strategy can reduce the expected costs
of funding a
retirement income by allocating a portion
of their client's investments to a DIA, particularly if the retiree is worried
about investment risk
in the near term or
running out of money later
in life.
For example, though just 35 %
of respondents were worried
about running out of money during
retirement, only 46 % knew how much they had saved
in their
retirement accounts.