3 main concerns that many retirees faces at retirement
3 main concerns that many retirees faces at retirement:
- Unable to replace their pre-retirement income during their retirement years
- The retirement fund that they have is not enough to last their entire retirement years
- Effect of inflation to their retirement fund
As a result, these retirees may
- Be dependent on financial support either from their family or the government
- Outlive their retirement savings
- Face with an increased cost of living
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