- Oct 21, 2009
- Reaction score
- Political Leaning
Delaying retirement, portfolio of stocks, bonds, reverse mortgages etc. are solutions but inflation is a killer.
At risk of outliving your retirement savings?In the good old days, retirement was pretty simple. You worked 30 years. Got a pension. And put your money in bonds to make it last.
But this isn't your father's retirement. Back then, life expectancy was such that people only spent less than a decade in retirement.
Today is different. Boy, is it different!
After working for 30 years, it's not out of the question to spend another 30 years in retirement. And that, for lots of people, is the big worry.
People getting ready for retirement are worried that they won't be able to save enough to last. And people already in retirement worry they will outlive their nest eggs.