62% of Retired Americans Uncertain About Longevity of Their Savings, Citing Rising Expenses as a Factor
Retirement Savings Concerns: A survey by Schroders reveals that 62% of retired Americans are uncertain about how long their savings will last, with many expressing worries about rising costs, healthcare expenses, and market downturns.
Investment Strategies: To combat inflation and protect savings, retirees are encouraged to consider inflation-resistant assets like Treasury Inflation Protected Securities (TIPS), dividend-growing equities, and real estate investments through platforms like First National Realty Partners.
Healthcare Costs in Retirement: Retirees can expect to spend an average of $172,500 on healthcare in retirement, highlighting the importance of planning for long-term care insurance to avoid depleting retirement funds.
Financial Planning Resources: Many retirees experience stress over finances, with options available to consult financial advisors or services like Advisor.com to create sustainable income strategies tailored to individual retirement goals.
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