Living on investment income is living the dream. Although many retirees are woefully short on savings, some manage to launch their golden years with plenty of money. But having a giant nest egg doesn’t guarantee that it will last. And that’s a significant concern for retirement planning.
A 2024 Allianz Life survey found that 63% of Americans are more worried about depleting their savings than dying. And while implementing a strategic withdrawal strategy can mitigate that risk to some degree, there are no guarantees.
