How to Make Your Retirement Savings Last as Long as You Do
Update: 2024-11-22
Description
No one likes to think about their own death. Many avoid the subject entirely. But here's the catch: if you don't face it, you might not realize how long your retirement could last. Ask yourself: can you afford to risk outliving your savings?
Ignoring this question can be a dangerous mistake. Unfortunately, many Americans are doing just that. A recent CNBC survey found that 64% of those saving for retirement are planning for just 20 years or less of retired life—or they aren't planning at all!
Twenty years might sound like a long time. But in reality, many Americans are spending 30-plus years in retirement. If you don't plan for that, you could run out of money when you need it most.
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