Longer Lifespans and Rising Inflation Could Drain Your Retirement Savings Sooner Than Expected. This Strategy Could Help

KEY TAKEAWAYS As Americans' average life expectancies increase, the average amount of savings might not last an entire retirement. Retirement accounts can shift to a "purpose-oriented portfolio strategy" and increase savings so that they earn 4% to 5% more than inflation. Americans are facing longer retirement as well as higher prices and their savings may not stretch as far as they'd like. Not only are people living longer, but sometimes they are forced to retire sooner than they expect to. Stubbo ...