"Running out of money in retirement is one of the biggest fears for a reason. Few things are more jarring than realizing your savings may not last, especially after enjoying the early years of freedom. Returning to work can be painful, and many retirees struggle to earn anything close to their former salary or even perform the same job in their later years."
"This is why a cautious approach pays off. A certified financial planner can help confirm that a withdrawal rate, investment mix, and long term plan are truly sustainable. Being too conservative can limit growth, but the real danger is taking on too much risk or withdrawing far more than the classic 4 percent guideline. With market volatility rising under Trump tariffs, many retirees with stock heavy portfolios are already choosing to rebalance and stabilize before the next downturn hits."
Running out of money in retirement is a major fear because savings can be unexpectedly depleted, and returning to work often yields lower income or unsuitable jobs. Medical emergencies, long-term care, and sudden market crashes can erode even large nest eggs and pressure retirement plans. A cautious approach helps protect assets; a certified financial planner can validate sustainable withdrawal rates, appropriate investment mixes, and long-term strategies. Excessive conservatism can limit growth, but withdrawing more than guidelines or taking high portfolio risk creates greater danger. The classic 4% rule requires annual adjustments, and a 3% withdrawal rate is notably more conservative. Rising market volatility has driven many retirees to rebalance and stabilize portfolios.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]