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Kiplinger
Kiplinger
Business
William Thatcher

Running Out of Money in Retirement: Nine Steps to Help Reduce the Risk

An older man holds up an empty wallet.

Retirement is a time to relax, enjoy the fruits of your hard work and pursue the activities you've always dreamed of. But as you approach this milestone, it's natural to wonder: "Will I run out of money?"

Uncertainty surrounding finances can be one of the biggest concerns for those nearing or already in retirement. Still, the good news is that you can significantly reduce the risk of running out of money with proper planning and a few key strategies.

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