If you’re in or nearing retirement, you may be worried about risks that can drain your savings faster than you ever projected and compromise your monthly cash flow and desired retirement lifestyle.
Spending surprises (e.g., unforeseen need to help family members, divorce, rising health care costs, changes in public health coverage that restrict eligibility, home repairs and long-term care needs) can throw a wrench into a retiree’s cash flow strategy. And inflation—now a top concern for many seniors—can erode the purchasing power of savings over time.
