Running out of money in retirement is one of the greatest fears of those planning for (or already in) retirement.

So, in today’s Two-Minute Retirement Solution, let’s look at four things you can do to make that possibility less of a probability.

First, consider where you live. In retirement, that can make a big difference.

[ad#Google Adsense 336×280-IA]Retirees flock to Florida and Arizona for more than just the sunshine.

Income taxes are a big part of the choice – or they should be.

Florida has no state income tax, and Arizona is one of the most tax-friendly states.

And believe me, you will pay taxes in retirement.

Nobody gets out of this free, and taxes can really take their toll.

Second, plan on living into your 80s.

If you make it to 65 in pretty good shape, you’re going to make it to your 80s. It’s almost guaranteed. And that means you’ll have bills to pay all along the way!

Oh, and here’s some bad news for women: They still live longer than men, and that means planning for those additional years, too.

Third, with longevity in mind, you have to hold at least 20% of your money in stocks.

I know it can be nerve-racking, but stocks are the only investment that can give you the growth necessary to offset the effects of inflation during 20 to 30 years of unemployment.

My fourth piece of advice? Get (and keep) your spending under control.

Too many retirees are guilty of out-of-control spending in the first few years of retirement. And 46% spend more in the first two years of retirement than they did in their final year working full time.

Talk about a shortcut to the poor house!

I know we are celebrating our new freedom from the grind, but take it easy!

As they say, “it’s a long way to Tipperary.” But it’ll be even longer to the last round up. Keep it in perspective and under control… and maybe you won’t end up living with your kids.

Good investing,



Source: Wealthy Retirement