Sentences with phrase «outliving retirement money»

Another survey, a poll of financial planners by the American Institute of CPAs, found that even affluent clients have substantial fears about outliving retirement money and runaway health expenses.

Not exact matches

If outliving your savings is a big fear, one relatively new option to make your money last in retirement has become more widely available — a qualified longevity annuity contract, or QLAC.

More time and more money to spend as you like... no taxes on your foreign income, no inflated healthcare costs, no more worries about outliving your retirement nest egg.

Only 31 percent of workers who participate in an employer - sponsored retirement plan, such as a 401 (k), 403 (b) or 457, are «extremely confident» or «very confident» that they will not outlive their money — and the rest aren't so sure, according to a new survey by BlackRock.

It described the maximum annual withdrawal rates (adjusted for inflation) that ensure investors won't outlive their money over a 30 - year retirement.

If the planets are aligned just right, when you reach retirement you may find yourself with almost zero chance of outliving your money.

Running out of money ranks as Americans» top retirement concern, according to a recent survey of financial planners.1 Guaranteed streams of income may help reduce anxiety about outliving savings and help people maintain their lifestyle during retirement.

When my clients ask me to list the most important ingredients required when looking to create and maintain a stress - free retirement plan, I explain to them that there are three basic financial requirements: a guaranteed income which they can not outlive; little or no risk of losing their money / savings, and the ability to grow their money through participation in a growing stock market and NOT a receding stock market.

These annuities provide a financial backstop that allows you to spend your retirement savings without fear of outliving your money.

If you're trying to protect yourself from risk as you seek rewards, it's better to follow the tortoise approach: you're more likely to achieve a comfortable retirement with little chance of outliving your money.

Income annuities provide a financial backstop that allows you to spend your retirement savings without fear of outliving your money.

Some retirees worry that if they don't abide by the 4 % rule (which states that's the maximum you can withdraw from your nest egg without outliving your money in retirement) their RRIFs will dwindle to zero as they age.

Cashing in their retirement investments when the market has crashed will result in very poor portfolio performance and... you guessed it — retirees outliving their money.

The idea behind the rule creating QLACs is to give people a way to generate retirement income and hedge against the risk of outliving their nest egg while putting up less money than they would have to with an immediate annuity.

Today, there are many factors that have the majority of Americans (59 percent) very worried about having enough money for retirement.1 Factors such as a slow - to - recover economy, disappearing pensions, possible Social Security cuts, and the very real possibility of outliving your money.

Opening an Individual Retirement Account (IRA) is an important way for you to start funding a comfortable retirement and to help prevent you from outliving your money.

Acting in combination, length of retirement and withdrawal rate are the most important factors as to whether you outlive your money or vice versa.

Indeed, when Allianz recently asked some 3,000 people as part of its 2017 Generations Ahead study which they fear most, death or outliving their money in retirement, nearly two - thirds chose running out of dough over meeting the Grim Reaper.

Today, people are living longer than ever before in history — and because of that, one of the biggest fears on the minds of many retirees is outliving their money in retirement.

Today, there are many factors that have the majority of Americans (59 percent) very worried about having enough money for retirement.1 Factors such as a slow - to - recover economy, disappearing pensions, possible Social Security cuts, and the very real possibility of outliving your money.

Gain a guaranteed income stream in retirement that you can't outlive by simply paying a one - time lump sum of money into this immediate annuity.

Despite the fact that one research paper recently found Americans are more afraid of outliving their money during retirement than death itself, and economics research has long since shown that leveraging mortality credits through annuitization is an «efficient» way to buy retirement income that can't be outlived, the adoption of guaranteed lifetime income vehicles like a single premium immediate annuity purchased at retirement remains extremely low.

The overall focus should be on saving to the maximum extent possible so that retirement can happen when desired and our money is not outlived.