Someone once said that the worst thing about being retired is that you never get a day off.
That is because retirement is a journey and not a destination. Retirees need to make their retirement savings last for the remainder of their lives.
U.S. workers nearing the age of 65 barely have $120,000 saved for retirement. The cost of living for a retiree can be as much as $45,000 annually.
About 44% of Americans are not saving or even planning for their retirement future. More than 20% believe they will never retire.
Nevertheless, 10,000 Americans retire every day. If this includes you or someone you know, here are some tips to protect your retirement funds during your post-retirement.