If you’re afraid of running out of money in retirement, here are some steps you can take

When it comes to retirement savings, most people think it’s mainly a matter of building up healthy account balances through their working years.
But spending down that money safely once you’ve left the workforce is just as big a concern.
In fact, more Americans worry about running out of money in retirement than declining health, according to a report from Transamerica Center for Retirement Studies and Aegon Center for Longevity. Nearly a third of financial planners (30%) say their clients’ top retirement fear is running out of money, according to a survey of CPA financial planners.


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