5 Ways to Prevent a Small Nest Egg From Ruining Your Retirement

Despite working hard and saving what they could, thousands of Americans every year retire without enough money to last the rest of their lives. This isn't always the result of poor planning. Some people can't afford to save that much during their working lives, and a health or family issue might force them to retire even if they'd prefer to keep working. 

Retiring without enough money is stressful and turns what should be a relaxing, happy time in your life into a period of pinching pennies. It can also place a financial burden on your children if you need their financial support to make ends meet. You might never get yourself to a point where you're taking vacations and buying expensive items, but with some careful planning, you can still be able to live comfortably. Here are five tips if you're on the verge of retirement and strapped for cash.

Image source: Getty Images.

Continue reading


Source Fool.com