Make Your Money Last Throughout Your Lifetime

Learn more about how to improve confidence in saving for your retirement and learning how to make your money last throughout your life time.

One of the largest concerns of retirees today is running out of money in retirement.

So today, we want to help you learn some different ways that you can help increase the chances of your money lasting throughout your lifetime.

And why is this? Well there are a couple reasons:

Number one: We have no idea how long we are going to live. And, most people are continuing to live longer today, so it is important to plan for a longer life.

Number two: If your money is invested in the stock market you have no idea what the stock market is going to do. Whether it goes up one week, and down the next month, none of us have a crystal ball. Yes, we can listen to analysts talk about what they expect the market to do, but that doesn’t guarantee anything. The market goes up and it goes down, so if your nest egg  is in the stock market, you are never exactly sure how long that money will last.

We’re going to  jump into the different steps you can take to help your money last in retirement. But first, we want to touch on the uncertainty that many people may have when it comes to their own personal savings and income. Americans are living longer today, which means they spend more time in retirement. This is leaving the question to many, “Will my money last throughout my retirement”? According to the Indexed Annuity Leadership Council, a couple statistics show that many people are not as comfortable with their retirement as they probably should be. Nearly 90% of Americans are not very confident in their overall retirement savings situation – Think about this, 9 out of 10 people do not feel comfortable about their retirement savings. This is a shocking number!