Even in the best of times, it can be challenging to switch gears from saving money to spending it in retirement and making the most of the wealth you've taken a lifetime to build. And these, a growing number of retirees agree, are not the best of times.
More than one-fourth of retirees, some 27%, now say they aren't confident they have enough money to live comfortably throughout their retirement as concerns about inflation, health care costs and Social Security rise. That's a five-point drop over the past year, according to a recent survey from the Employee Benefit Research Institute (EBRI) and Greenwald Research. Fewer than half of the respondents describe their standard of living in retirement as "very good" or "excellent," and four in 10 worry that their Social Security and Medicare benefits will drop in value at some point in the future.
