Depleting Your Nest Egg Too Quickly? 3 Moves to Make Now
These days, many consumers are reeling from rampant inflation. And retirees on a fixed income are being hit notably hard.
If you've had to increase your 401(k) or IRA withdrawals to cover your living costs in recent months, you're in good company. But unfortunately, you could also be putting yourself in a position where you're spending down your savings too quickly. If you continue on that path, you could end up depleting your nest egg in your lifetime.
A better bet? Make these lifestyle adjustments to preserve more of your nest egg -- and avoid an even worse financial crunch down the line.
Source Fool.com
