The age-old concern among retirees and near-retirees is looming large these days—that of outliving retirement savings.
As 78 million baby boomers grow closer to retirement, they and current retirees are feeling the squeeze of inflation. And they’re wondering if their nest eggs will keep up with soaring prices, pay for healthcare and long-term care, if needed, and help them maintain their desired standard of living after a spouse dies.