5 Essential Financial Tips to Avoid Running Out of Retirement Savings

Key Takeaways Financial planners say retirees are more likely to outlive their savings due to poor planning and spending habits. Experts recommend keeping five years of income needs in safer assets and tracking expenses closely to avoid premature portfolio depletion. Many Americans are worried that they will live longer than their savings. “Running out of money is a real risk, and for most retirees, it doesn’t happen because of bad investments,” said Melissa Caro, certified financial planner (CFP) ...