The Retirement Income Gap: Will Your Money Last?
The Retirement Income Gap: How to Know If You’ll Run Out of Money One of the biggest fears people share about retirement isn’t market volatility… taxes… or inflation. It’s four simple words: “What if I outlive my money?” That fear is real — and deserved. Americans are living longer than ever, everyday expenses continue rising, […]
The Retirement Income Gap: Will Your Money Last?
The Retirement Income Gap: How to Know If You’ll Run Out of Money One of the biggest fears people share about retirement isn’t market volatility… taxes… or inflation. It’s four simple words: “What if I outlive my money?” That fear is real — and deserved. Americans are living longer than ever, everyday expenses continue rising, […]
The Retirement Income Gap: Will Your Money Last?
Quick Answer: The retirement income gap is the difference between what you need/want in retirement and what your income actually provides. To close this gap: calculate your essential and lifestyle expenses, compare them to guaranteed income sources (Social Security, pensions, annuities), then address shortfalls by converting savings to lifetime income, creating a smart withdrawal strategy, […]