Running out of money in retirement is a real fear. What can you do to alleviate this from occurring? Follow these suggestions to improve your chances of avoiding the proverbial “poor house” in retirement:

Withdraw only 3% to 4% per year from your retirement savings (the latest research suggests withdrawing only 3.13% from your retirement accounts at age 65);
Have some exposure to stock, so you portfolio can grow during retirement (a general rule of thumb suggests 100 minus your age for your equity allocation); and/or
Don’t retire too early - the longer one works, the less time your retirement accounts need to support you; plus social security benefits grow by 7% to 8% each year you don’t take social security.

For more tips, click on the link above!