{"id":543173,"date":"2026-03-24T22:52:21","date_gmt":"2026-03-24T22:52:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/543173\/"},"modified":"2026-03-24T22:52:21","modified_gmt":"2026-03-24T22:52:21","slug":"7-ways-to-avoid-running-out-of-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/543173\/","title":{"rendered":"7 Ways To Avoid Running Out of Money"},"content":{"rendered":"\n

According to Allianz Life<\/a>, 64% of surveyed Americans fear outliving their money more than death.<\/p>\n

Be Aware: 6 Key Signs You\u2019ll Run Out of Retirement Funds Too Early<\/a><\/p>\n

Check Out: 5 Clever Ways Retirees Are Earning Up To $1K per Month From Home<\/a><\/p>\n

Those polled cite high inflation, taxes and uncertainty around Social Security as the leading causes of their fear. If you\u2019re fearful of going broke in retirement<\/a>, here are seven ways to protect yourself<\/a>.<\/p>\n

Living a long, full life is great, but not if you\u2019re doing it on financial fumes. With medical advancements continuing, it\u2019s not unreasonable to think more people will live longer. A 65-year-old man can expect to live until 84, and a 65-year-old woman can expect to live to 87, according to the Social Security Administration<\/a> (SSA).<\/p>\n

That may mean today\u2019s retirees need retirement assets to cover up to three decades of living expenses. Start planning now to avoid going broke.<\/p>\n

Read Next: 8 Things To Stop Doing After 60, According To Kevin Lum<\/a><\/p>\n

How much you save directly affects retirement readiness. Working Americans still have time to grow their savings. Many 401(k) plans allow contributions to increase at set intervals.<\/p>\n

Consider increasing contributions annually, or after each raise. Make sure to contribute enough to receive a full match from your employer.<\/p>\n

The IRS allows Americans age 50 and older to make additional catch-up contributions<\/a> to IRAs and 401(k) plans. Qualifying Americans can contribute an additional $1,100 to Roth and traditional IRAs for 2026 and an extra $8,000 to 401(k) or 403(b) plans, according to Vanguard<\/a>.<\/p>\n

The amounts may seem insignificant, but the possible growth is substantial.<\/p>\n

Americans can claim Social Security benefits<\/a> beginning at age 62. If you need the funds to live, it\u2019s understandable. However, for people who continue to work or can rely on other resources, delaying benefits can be lucrative.<\/p>\n

Waiting until full retirement age (FRA) can increase payouts. Not only does your payout increase, but it means more impact when you receive a cost-of-living adjustment.<\/p>\n

Credit card debt<\/a> can be suffocating, especially in retirement planning. Per Allianz, people polled cited credit card debt as the second-most-common factor limiting retirement savings.<\/p>\n

It\u2019s best to prioritize paying off credit card debt, then other consumer debt. Erasing debt instantly frees up more money to save, regardless of your age.<\/p>\n

Life is unpredictable, and that doesn\u2019t change in retirement. Having a fully funded emergency fund is a good way to protect against uncertainty. Experts recommend saving at least six months\u2019 worth of living expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"According to Allianz Life, 64% of surveyed Americans fear outliving their money more than death. Be Aware: 6…\n","protected":false},"author":2,"featured_media":543174,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[5012,28,40340,242725,147,530,732,733,1552],"class_list":{"0":"post-543173","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-allianz-life","9":"tag-business","10":"tag-living-expenses","11":"tag-medical-advancements","12":"tag-personal-finance","13":"tag-personalfinance","14":"tag-retirement-planning","15":"tag-social-security","16":"tag-social-security-administration"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/543173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=543173"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/543173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/543174"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=543173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=543173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=543173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}