Saved Enough Money for Retirement? Think Again.
The typical retired household spends about $45,000 per year, yet the average couple receives only $27,120 per year in Social Security. Closing the gap between retirement expenses and income means tapping savings, but with retirees living longer, more people increasingly are at risk of outliving their money. Will you be one of them?
Retirement isn't cheap. And sadly, it's getting more expensive.
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Source: Fool.com