Thursday, February 21, 2019
Will You Outlive Your Retirement Savings?
Kiplinger published a slide show that focuses on reasons why folks may outlive their retirement savings. 15 Reasons You'll Go Broke in Retirement include explanations, some of which are out of an individual's control but most are not. These explanations include: abandoning stocks or investing too heavily into stocks, not saving enough for your anticipated life span, living beyond your means, only having one source of income, not working long enough, getting sick, failing to take state taxes into account, financially supporting the kids, being under-insured, falling victim to a consumer scam, using retirement savings as collateral and lacking a rainy day fund.