When you combine longevity with inflation, it adds up to a perfect storm for baby boomers, who must make their savings stretch for decades. Here’s how to help safely steer around the danger.
Mom lived to 94.5 and odds are that I will meet or beat that age so how do I also beat the top 2 risks for retirees? This article points out that longevity and inflation can reduce a nest egg over time. More years to draw down savings for living expenses and more time for those expenses to increase due to inflation.
This article points out how to plan with these two big issues we will all face as we approach retirement.
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Regular | $2,000 + |
IRA | $25,000 + |
Term | Interest Rate |
2 Year | 3.00% |
3 Year | 4.00% |
5 Year | 6.00% |
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