Those entering their golden years often get a nasty surprise: They don’t have enough money to live like they did in their working years . Even retirees with the best intentions fail to prioritize guaranteed income, which can lead to cash shortages.
If that sounds like you, you’re not alone. According to a study by the Morningstar Center for Retirement & Policy Studies , 45% of Americans who quit working at age 65 will run out of money in retirement. Demographically, 55% of single women will fall victim to cash shortages in retirement, as will 41% of couples and 40% […]
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