40% of Americans Share This Crippling Retirement Fear
The scary thing about retirement is that it is, to some extent, one drawn-out period of unemployment. Of course, it's possible to find part-time work in retirement, and it's actually a great time to start a business, but not every senior goes that route, and some simply can't -- specifically, those with health issues, limited mobility, or caregiving roles that take up much of their time. As such, it's important to kick off retirement with ample savings to avoid financial troubles later in life.
But what exactly constitutes "ample savings?" It's a tricky question given the financial unknowns associated with retirement, and it's one that's causing today's workers a fair amount of stress.
A good 40% of workers today worry about outliving their savings once they leave the workforce, according to a recent Transamerica survey. If you share that same concern, here are a few steps to take.
Source Fool.com
