I was looking around the Internet trying to find a good article to use for my daily blog when I came across this article. It talks about ways to avoid risk when planning for retirement. I thought this would be a good article due to the fact that its not simply just a list of ways to retire but things to avoid doing when starting to plan for your retirement. With the economy the way it is right now it is important to know the right and wrong way to plan for your retirement that way when it comes time for your to retire they will be able to sit back and relax and enjoy retirement. Below is the article entitled"Avoiding Risks to your Retirement Income".
The risk of outliving your savings is greater than ever, thanks to factors such as longer life expectancies and the diminishing role of pensions and Social Security. According to the Society of Actuaries' 2000 Mortality Tables, 82% of couples who are age 65 can expect to live until age 85; 60% to age 90 and 33% to age 95. By having a plan to secure a comfortable retirement and making the right financial choices, you can help ensure your retirement income lasts.
"The biggest risk that future retirees face is running out of money — and losing financial independence," says Craig Brimhall, vice president of retirement wealth strategies for Ameriprise Financial. "You've got to plan ahead so your money lasts as long as you do."
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Posted By Lee Ruth
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