Summary
The article outlines eight practical strategies to help retirees avoid worrying about running out of money and feel more secure. It urges retirees to calculate a sustainable withdrawal rate, typically between % and %, to cover essential expenses with confidence. Adopting a flexible spending plan and maintaining a six- to 12-month cash buffer can reduce panic during market downturns. It also recommends proactive tax planning, securing guaranteed income such as Social Security or annuities, protecting against long-term care costs, and using home equity as a backup. Together, these steps aim to strengthen financial resilience and ease retirement anxiety.
ABC News
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