Despite all the talk of a retirement crisis and fears of people running through their savings too quickly, a new study finds that retirees who have spent nearly two decades in retirement have not only been able to maintain their pre-retirement standard of living after calling it a career, but have managed to do so while keeping their nest egg largely intact. Unfortunately, the study also warns that future retirees may find it much more difficult to achieve anything close to the same feat.
I plan on retiring within the next year or so with about $250,000 in my retirement accounts. How do I invest that money for monthly income without going through my assets too quickly?
surveyed nearly 3,000 working-age adults about the various issues they must grapple with in planning for retirement, they found that longevity risk was the least understood. Only a third of those surveyed knew how long their assets might last, and only half had actually planned for the possibility of a longer-than-expected life. More' class='more-link'>More»
Happiness, it's been said, is like a butterfly. The more you chase it, the more it will evade you. The implication is that by actively pursuing a happy state you reduce your chances of achieving it. That may be very well be true in a philosophical sense. But when it comes to retirement at least, new research suggests that there may be specific steps you can take to enjoy a more rewarding post-career life.