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

September 28, 2020

From the CNBC website

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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