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49% of Americans Worry About Outliving Their Savings. Here's How to Ease That Fear

Many workers look forward to retiring and enjoying a more relaxed lifestyle. But while not having a job to go to will free up your days, it can also make for a stressful financial situation. Without


Many workers look forward to retiring and enjoying a more relaxed lifestyle. But while not having a job to go to will free up your days, it can also make for a stressful financial situation. Without a paycheck, you'll be reliant on your retirement savings, as well as your Social Security benefits to cover your expenses. And while Social Security pays benefits for life, your savings have the potential to run out.

It's this very notion that worries 49% of Americans today, according to the May 2020 Simplywise Retirement Confidence Index. If you're concerned about outliving your savings, here are some key steps to take.

IMAGE SOURCE: GETTY IMAGES.

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Source Fool.com


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