How to avoid running out of money in retirement
The closer we get to the retirement age, the more concerned we become, thinking about how we will survive not getting a paycheck. The thought can be overwhelming.
However, a survey done in 2016 by the financial firm found that 60 percent of baby boomers feared running out of their savings more than death.
Many of us boomers are worried about what will happen if the retirement crisis, which every financial institution predicts, occurs.
Will we have the financial capacity to support ourselves, how will the country address the issue, and what might retirement look like in years to come?
