Inflation poses a significant threat to retirees, with a survey indicating that many fear running out of money more than death. To combat this risk, it’s essential to invest in assets that can outpace inflation, particularly stocks, which have historically offered strong returns. Aiming for a portfolio return of 8% or more on retirement accounts can help maintain buying power as living costs rise. Financial advisors can provide guidance on investment choices to ensure a secure retirement.
A 2024 survey by Allianz found that 63% of Americans are more worried about running out of money in retirement than dying.
The stock market's average yearly return has been about 10% over roughly the past century, which can help beat inflation.
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