Study: People With These Personality Traits Are More Likely to See Their Retirement Savings Last
When you've been working your entire career to save for retirement, the last thing you want is to blow through your savings too quickly during your golden years. And yet, that's a reality for many retirees.
The average American retiree is expected to outlive his or her savings by eight to 10 years, according to a study from the World Economic Forum. That means for the last decade or so of your life, you could be left to depend on your Social Security benefits to make ends meet if your retirement fund runs dry.
To avoid this scenario, it's important to make sure you've built a strong enough nest egg that will last the rest of your life. But even more critically, once you're in retirement, you need to make sure you're spending your savings at a good pace so you don't run out of money too soon. And new research shows that some personality types are better at this skill than others.
Source Fool.com
