One of the biggest fears shared by retirees across all income levels is running out of money in their lifetime. It doesn't matter if you're coming into retirement with a $250,000 nest egg or a $2 million IRA or 401(k). If you don't manage your savings in a savvy manner, you eventually risk running out.

Financial experts have long been aware of this danger, and they've developed guidelines around it. And perhaps the most famous piece of advice with regard to managing retirement savings is none other than the 4% rule.

Image source: Getty Images.

Continue reading

Source Fool.com