Life expectancy/running out of $
“It should be good news that most of us will live 20 or even 30 years after we retire. But that means you will also need other sources to provide 20 to 30 years of income after you’ve stopped earning money from a job. Many people put their savings into conservative investments soon after retirement in an effort to keep them safe and make them last. Their desire to keep their life savings safe is understandable, but if you play it too safe and put everything into conservative, low-risk investments, that may also mean a low return on those investments. You may end up avoiding risk so much that you outlive your own savings because you didn’t allow it the potential to grow enough to keep up with your income needs (or even inflation for that matter). I believe that you need to have a plan that accounts for both the fact that you no longer have a traditional working income and that you need enough of a return on your savings so that you don’t outlive them. I can help you build that plan so that you can balance both. Contact me to learn more and also check out my blog for more tips and videos to help you plan for a long retirement.”
DISCLOSURE: Investing involves risk and the potential to lose principal.