Financial News & Insights

Most people think of retirement planning as building a nest egg that they can live on for the rest of their lives. This is their “number” and once they reach it, they are ready to leave their job and live happily ever after. We wish life could be that easy. In reality, planning for retirement involves making major decisions that will affect your finances for decades to come. It also involves considering the risks you may face over a 30- or 40-year retirement, such as outliving your nest egg, inflation, stock market risk, low interest rates and tax law changes.

You’re kicking back, margarita in hand, on some undisclosed tropical island, lying in a hammock near the beach. This is the way it’s supposed to be—retirement at its finest. You worked hard for this, and you are going to enjoy it! At least for a while, before retirement bliss is met with some retirement risk realities. Be ready for whatever life throws at you. Here are a few common post-retirement risks and how to prepare for them.