Studies Reveal 45% Of American Retiring At 65 Will Run Out Of Money
Joseph Patrick Roop Highlights the Financial Risks of Retiring at 65 and How to Avoid Running Out of Money in Retirement
Joseph Patrick Roop of Belmont Capital Advisors highlights a concerning trend where nearly 45% of Americans retiring at 65 risk running out of money during their retirement. He emphasizes the importance of proper retirement planning, especially for those nearing retirement age. Roop advises individuals to carefully assess their savings strategies, focus on creating sustainable income streams, and consider working with financial professionals to develop a retirement plan that accounts for potential longevity and rising healthcare costs, helping ensure long-term financial stability.
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