Home 5 common financial problems… solved! Running out of retirement savings

Running out of retirement savings


The solution: Bringing out all your numbers can help you better understand how much you need to maintain your current lifestyle. Compare a list of your future expenses to your retirement income, while keeping inflation in mind and adjusting to work expenses – money for travel should decrease, but maybe you’ll finally have the time for golf. Then make an optimistic estimate of how long you live and check if the numbers match. If this is not the case, postponing your retirement, adjusting your investment strategy, or setting aside a larger portion of your salary can help close the gap.

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