Saturday, July 2, 2022

20% of Older People Believe This, and It Could Ruin Their Retirement

Young woman and older woman chatting on a couch.
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A large portion of baby boomers and Generation X — the two age cohorts currently approaching or entering retirement — share a mistaken belief that could wreck their golden years. About 20% of Generation Xers and 15% of baby boomers think a professional financial adviser would suggest withdrawing 10% to 15% a year from a portfolio during retirement, according to a recent survey of more than 2...



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