08.12.2019 14:00:00

4 Ways to Ensure You Won't Run Out of Money in Retirement

If the idea of running out of money in retirement gives you night terrors, you're not alone. Nearly half of all Americans worry about outliving their finances, and for good reason. Surveys repeatedly show that we aren't saving enough to fund 30 years of work-free living.If you're in that camp, you can set yourself up better by addressing the problem head-on now. There are two keys to success when you're short on savings and nearing retirement age. First, take action today. And then, plan to keep working at least part-time until you can firm up your finances. Here are four things you can do to get started.If you don't already have a robust emergency fund, start saving for one today. Plan to stockpile three to six months' worth of living expenses. You can make this easy on yourself by transferring amounts to your emergency fund automatically on every pay day.Continue reading
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