Running out of money during retirement is a truly scary thought -- so much so that almost 67% of Americans worry more about that than actually dying, according to a study by Allianz Life.

If you're concerned about depleting your nest egg, you might assume that the solution to that problem is to save more. But that's not necessarily the answer. If you want your savings to last, you need to figure out a withdrawal rate that gives you access to the funds you need to pay your expenses without tapping your 401(k) or IRA too aggressively.

Image source: Getty Images.

Continue reading

Source Fool.com