Should You Be Worried About Outliving Your Savings?
Recent research shows that younger Baby Boomers, Gen Xers, and Millennials are at a higher risk of outliving their retirement savings – but why is that? In this episode of Wise Money, Michael discusses how longevity and consistent inflation may play into the financial stability of future retirees. As the cost of living increases, and lifespans continue to grow, the risk of running out of money is higher than ever. Find out ways that you can safeguard your savings to last as long as your retirement even in the face of inflation.
Plus, later in the show, Michael shares what today’s retirees want future retirees to know about retirement and retirement planning. It’s a show chockfull of retirement planning tips and information that you don’t want to miss. Tune in now!