10 Ways Boomers Can Avoid Savings Shortfalls in Retirement
What’s scarier than dying? Outliving your savings, say scores of Baby Boomers. The fear is understandable. Today, healthy 65-year-olds have at least a 40% chance of living into their 90s with health-care costs expected to be a significant challenge. Here’s a 10-point checklist from the Women’s Institute for a Secure Retirement, an education and advocacy group, to help Boomers avoid retirement shortfalls.
Sounds obvious, but most people dont even estimate how much money theyll need for retirement, and if they do, they vastly underestimate how much they will need.