Money (Credit: iStock) Retirees face a number of challenges to their financial security, including living longer and facing the danger of depleting their savings too soon. The pandemic has further threatened retirement nest eggs, as a growing number of people need to take Social Security benefits early, before full retirement age, thus reducing those payments in the long run.
A new study released by Principal Financial Group in conjunction with the Stanford Longevity Project outlined these and other problems retirees face and provided at least one way this group can “spend their retirement savings in a predictable and responsible fashion,” […]
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