The fear of running out of savings is pervasive among retirees, and even a large nest egg can deplete quickly without careful planning. Delaying Social Security can enhance monthly benefits, providing financial stability. Establishing a smart withdrawal strategy is essential to managing retirement savings and ensuring funds last throughout retirement, especially as 4 million Americans prepare for retirement this year. Steps like these can mitigate the anxiety surrounding financial security in retirement.
Running out of savings is a big fear, and adopting a smart withdrawal strategy alongside delaying Social Security can help ensure your money lasts.
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