Running Out of Money in Retirement
Even when people have received financial advice- Americans are stressing over going broke in retirement.
The American Institute of CPAs discovered that running out of money remains the chief concern of clients planning for retirement.
A strong economy and generally positive market environment are easing client concerns. There has been a relatively steady increase in asset values over the last few years- this has led to stranger client balance sheets and increased confidence that money will continue to work for them in retirement.
Of course, all of this can change which is why it is important to revisit asset allocation and make appropriate adjustments to ensure your savings and investments will be able to fund the lifestyle you envision in retirement.
About the Author
Bob feels strongly that you only retire once leaving no room for mistakes. He is dedicated to building and more importantly preserving investors assets. Bob is a Financial Advisor with Cambridge, an independent broker-dealer, honored to be among the most respected firms in the industry.