What Happens If I truly Do Run Out of Money during Retirement?
Retirement finances frighten many. Money bothers most retirees. Concerned.
Explore this fear. Is your dread justified? Concerns? Money concerns retirees. Unique.
Subscribe. 57% of financial planners told the AICPA clients' biggest retirement worry was running out of money.
EBRI's extensive analysis shows many will run out of money regardless of compensation.
40.6% of U.S. families headed by a 35–64-year-old will outlive their money, according to EBRI's Retirement Security Projection Model.
Riches deplete. 83% low-income boomers retire broke. Second-lowest-quartile boomers die 47%. Second-highest quartile boomers die 28%. 13% die.
35-year retirement. 81% of the lowest quartile & 8% of the richest will outlive their retirement funds after 20 years. Nearly 10% wealthy retirees fail? Yikes! Money issues abound.
Outliving assets increases with longer lifespans, less proactive saving, rising prices, stagnating wages, & fewer pension plans. Retirement funds gone?
Positive: Retiring broke isn't destitute here. Social Security & pensions continue if you're broke. Social Security, part-time job, and budget cuts help most broke seniors.