Will You Outlive Your Retirement Savings?

In an ideal world, you will save more than you need for retirement. Unfortunately, we don’t live in a perfect world and it’s well documented that saving enough for retirement is a struggle for many Americans. For some, whether they admit it or not, outliving their retirement savings can be a real fear. It can seem daunting saving up enough for retirement, considering the cost of living today. Depending on how early you plan to retire, that number can be a fairly high benchmark ($500,000 to $1 million is not unrealistic if you plan on being retired for 20 plus Continue reading Will You Outlive Your Retirement Savings?

Beware of Inflation in Retirement

I’ve talked about it in the past, but inflation is a very real thing that can and will affect your retirement savings. No, it won’t decimate your retirement savings, but it will decrease the longevity of your nest egg. If you have been working with a competent financial advisor and have done your homework, inflation is probably already a part of your retirement savings plan. However, it can be something that is overlooked when saving as it’s not always obvious unless you take a long-term view of things. There are some easy ways to protect your retirement savings from inflation. Continue reading Beware of Inflation in Retirement