One of the most common questions I get asked by people looking to retire is, “How do I ensure I won’t run out of money in retirement?” If you’ve asked this question, you have reasons to be concerned: healthcare is costly; most people are living longer; inflation has been eroding purchasing power; the list goes on and on.
Proper retirement planning can’t and won’t eliminate the risk of running out of money in retirement, but it sure can make it much less likely. More importantly, it can allow you the financial freedom to get more joy during your retirement versus spending the next 30 years stressing out that you may or may not go broke during retirement.
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