
The thought of running out of money in retirement keeps plenty of Americans awake at night. In a survey of financial planners by the Financial Planning Association and the Journal of Financial Planning, over 47 % of respondents rated running out of money as their clients’ greatest retirement fear, with another 22% saying it was their clients’ second biggest worry. Many also worry about affording the lifestyle they’ve worked so hard for.
Be Aware: 4 Retirement Expenses Boomers Didn’t Plan for — but Should Have