Retiring Soon? Seven Expert Tips to Ensure Your Money Lasts

Drawing up an intentional plan can ease your fears about not having enough.

A retired couple sit on the side of a dock on a lake and watch the sun set.
(Image credit: Getty Images)

One of the biggest fears soon-to-be retirees have is that they won’t have enough money to last them throughout their retirement. And rightly so — with concerns surrounding inflation, recessions and a volatile stock market, over half of Americans feel behind on their retirement savings, according to a Bankrate poll. These fears may keep them from taking the plunge and quitting their jobs once they hit retirement age, or they may delay retirement for years or perhaps even indefinitely. 

However, with an intentional plan and the right support in place, you can retire comfortably — and confidently — at the age you choose. To provide some guidance on how to prepare, seven financial experts from Kiplinger Advisor Collective discuss their top tips for soon-to-be retirees looking for ways to make their savings last throughout their retirement and banish their fears of not being able to survive financially.

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The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation

Kiplinger Advisor Collective

Kiplinger Advisor Collective is the premier criteria-based professional organization for personal finance advisors, managers, and executives.