INDIANAPOLIS – People are living longer, and as wonderful as that news is to many, there’s a possible downside: outliving their money in retirement.
“It’s a very large fear many people have,” Alexander Joyce, president and CEO of ReJoyce Financial LLC and author of “ReJoyce In Your Retirement: Everything You Need To Know To Get Everything You Want,” said. “Most retirement plans have not incorporated the longevity risk. And without mitigating that, many middle-class retirees could exhaust their 401ks and be left with only Social Security and a little equity in their homes.”
The financial worries about retirement and the planning options can be overwhelming. One of the concerns people have is getting appropriate advice and finding a financial advisor who puts the cli