Retirement
from24/7 Wall St.
2 months agoCandidly, $10 Million Isn't Enough For The Best Retirement.
The $10 million retirement goal may be unrealistic for many, as personal spending needs vary significantly among individuals.
Experts have warned of an unsettling trend among pensioners which could see them exhaust their pension in retirement. Analysis of Financial Conduct Authority data found a nearly 30 per cent rise in the number of pensioners withdrawing more than 6 per cent of their pension's total value in the most recent financial year. More than 280,000 pensioners had a withdrawal rate of 6 per cent or higher, the analysis by Hargreaves Lansdowne found.