Why Outliving Your Savings Is the Real Retirement Risk

Financial experts warn that the true challenge of retirement is not stopping work at 60, but ensuring savings last well beyond that age. Running out of money in one's mid-70s poses a significant financial and personal risk for retirees. Securing health insurance before retirement is strongly advised, as premiums and eligibility conditions become harder to meet with age. Experts also recommend building a dedicated medical and emergency reserve fund separate from regular retirement savings. Together, these steps can provide a more resilient financial cushion for the later years of retirement.