How Not to Run Out of Money in Retirement
Start by reassessing your savings goals.
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One of the hardest questions in personal finance is also the simplest. How do you live a nice life now without ruining your future?
That’s a tension I kept in mind this week in a story we published that takes on the so-called $1 million retirement myth. That’s the (very) commonly articulated target Americans identify for their retirement pots. Save that much, people often believe, and they’ll never run out of money after leaving the workforce.