It’s the No. 1 fear that keeps retirees (and near-retirees) pacing the halls at night: that their nest egg will expire before they will!
It’s easy to see why.
After all, many of these folks will need to fund a retirement that’s much longer than their parents’ was: according to the Brookings Institution, nearly one in four men who were 65 in 2015 will live to 90. Women have better odds: over one in three.
That adds up to 25 years (or more!) out of the workforce.
And today’s retirees are clocking out as old retirement-income “go-tos” scrape bottom: the average S&P 500 stock pays out just 1.7% today, near 7-year lows.… Read more