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March 29, 2021

Will you really run out of money in retirement?

  • Once retired, people often reduce their spending enough to make their money last.
  • By LIZ WESTON
    NerdWallet

    iStock image
    Researchers found that many households that had enough money were spending as if they did not. In fact, 29% of the best-funded households actually had more wealth 10 years into retirement.

    Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, and Warren Cormier, executive director of the Defined Contribution Institutional Investment Association's Retirement Research Center.


     
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