Will You Out Live Your Savings?

Read Time:51 Second

If you live another 30 to 40 years beyond today, how much money would you need to survive?  Do you know?  Have you given it much thought?

How much longer could you survive based on your savings right now?

These are questions some of us don’t think about or don’t want to think about but the truth of the matter is, the future is going to look gloomy for many baby boomers and they know it.

In a survey, people between the ages of 44 and 75 were asked what they feared more: death or running out of money.

61 percent said they feared running out of money
39 percent said death

56 percent said they are afraid they won’t be able to cover their basic living expenses in retirement.

36 percent said they had no idea whether their nest egg was sufficient

Allianz Life Insurance Co. of North America, conducted the poll of 3,257 people

I’m still trying to figure out why I’m never included in these surveys.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

2 thoughts on “Will You Out Live Your Savings?

  1. Well I’m contributing to my retirement fund, which will be sufficient, but so much can happen between now and the additional years I need to reach my goal. That’s why I’m building my online business on the side – that business helps to give me a great sense of control of my finances – in the event things change…and change is about the only constant in life right?
    Sharon McMillan recently posted..The Local Online Consultant Boom

  2. This was a major concern for me for many years, so made sure I diligent in preparing for the future. I retired 5 years ago and finally feel that retirement monies are sufficient. That being said, I am still pretty frugal and continue to put money in my nest egg.
    Vannie Ryanes recently posted..Can You Train Your Mate

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous post To Lie or Not to Lie (3)
Next post Do You Have Boomeritis