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from24/7 Wall St.
1 month ago
Retirement

Suze Orman: Why the 4% Rule No Longer Works for Today's Retirees

Use a lower initial retirement withdrawal rate—around 3% or less—instead of 4% because market unpredictability, low interest rates, and longer lifespans increase longevity risk.
fromwww.housingwire.com
6 months ago
Retirement

Americans are living longer but aren't prepared for retirement impacts

Extending retirement by 5 years increases depleting savings risk by 41% for healthy retirees.
more#retirement-planning
Healthcare
fromFortune
1 month ago

RGA CEO Tony Cheng: Americans are living longer-adding risk for insurers-but the real danger is people outliving their savings | Fortune

Rising life expectancy increases risk of outliving savings and requires financial literacy and structural changes to close the longevity insurance gap.
US news
fromFortune
2 months ago

Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke | Fortune

Many retirees with six-figure savings are withdrawing far less than recommended, conserving funds due to longevity risk and rising housing, health care, and living-cost pressures.
Retirement
from24/7 Wall St.
5 months ago

Should I Cash Out My Pension for a $24k Lump Sum or Get $100 a Month for Life?

Choosing between a pension lump sum and monthly payments requires careful consideration of finances and personal circumstances.
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