Why Planning for Retirement is So Hard, and What to Do About It
David A. Littell
Fears that baby boomers haven’t saved enough for retirement are constantly dominating headlines, but there’s also the flipside of that problem that can also be a financial disaster: outliving our savings.
According to a recent study by Ernst & Young, almost three out of five new middle-class retirees will outlive their financial assets if they attempt to maintain their pre-retirement standard of living.
Dowd, Casey, "Why Planning for Retirement is So Hard, and What to Do About It" (2012). In the News. 185.