Three Eroding Forces on Your Retirement Savings

Over 60% of Baby Boomers are more afraid of running out of money than of dying, according to a recent survey.[1] Even retirees who have saved a substantial amount for retirement may be worried about outliving their savings, and there may be good reasons for this. The potential for higher taxes, inflation, and healthcare costs are three eroding forces on your retirement savings. 1. Taxes Could Affect Your Bottom Line Retirees of previous generations may have had lower incomes, and many did not have tax-deferred retirement accounts. For today’s retirees, taxes may be a bigger expense in retirement, especially […]