The strategy to never run out of money when retiring is something many struggles with but very few really solve. Let's face it once and for all. If you rely on your pension funds only, the probability is pretty high that you will run out of money in retirement.
Of course, the situation varies a lot from person to person, but this "lack-of-money-syndrome" is quite simple to explain:
- There are no sufficient retirement savings to back up your current lifestyle.
- People are living much longer than before.
There are many things that can be subject to discussion when it comes to retirement and never run out of money. However, these two realities are the naked truth nobody can deny.
