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#retirement-planning #annuities #social-security #withdrawal-rate #financial-planning #market-volatility
from24/7 Wall St.
10 hours ago

Americans Fear Running Out of Money More Than Death. Could This Be a Solution?

A recent Allianz survey found that 64% of Americans worry more about running out of savings than actually dying. And it's easy to see why. Even if you apply a smart withdrawal strategy to your savings, there's no guarantee that your money will last as long as you need it to. You could end up living longer than expected, or the stock market could go through an extended rough patch that forces you to lock in portfolio losses.
Business
#social-security
more#social-security
#retirement-planning
from24/7 Wall St.
2 months ago
Retirement

Suze Orman: Why the 4% Rule No Longer Works for Today's Retirees

Use a lower initial retirement withdrawal rate—around 3% or less—instead of 4% because market unpredictability, low interest rates, and longer lifespans increase longevity risk.
fromwww.housingwire.com
7 months ago
Retirement

Americans are living longer but aren't prepared for retirement impacts

Extending retirement by 5 years increases depleting savings risk by 41% for healthy retirees.
more#retirement-planning
Healthcare
fromFortune
1 month ago

RGA CEO Tony Cheng: Americans are living longer-adding risk for insurers-but the real danger is people outliving their savings | Fortune

Rising life expectancy increases risk of outliving savings and requires financial literacy and structural changes to close the longevity insurance gap.
US news
fromFortune
2 months ago

Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke | Fortune

Many retirees with six-figure savings are withdrawing far less than recommended, conserving funds due to longevity risk and rising housing, health care, and living-cost pressures.
Retirement
from24/7 Wall St.
5 months ago

Should I Cash Out My Pension for a $24k Lump Sum or Get $100 a Month for Life?

Choosing between a pension lump sum and monthly payments requires careful consideration of finances and personal circumstances.
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