More than half, or 52%, of American families are “at risk” of not having enough assets to maintain their lifestyles into retirement, according to the National Retirement Risk Index, a measurement tracked by the Boston College’s Center for Retirement Research.
“It’s not uncommon for us to see even high-earning people, who are used to spending what they make, come in and say, ‘I want to retire yesterday,’ and they have all sorts of ideas about spending even more money. And it’s just not going to work out,” says Patricia F. Raskob, president of Raskob Kambourian Financial Advisors in Tucson, Ariz.
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