How to Avoid Tanking Your Portfolio in Retirement

Making your money go further in retirement is a challenge that many Americans may be unprepared for.According to most recent RICP Retirement Income Literacy Survey from The American College of Financial Services, 82 percent of Americans have unrealistic expectations about the need for long-term care later in life.Less than half of those polled understood that a life annuity can protect their assets against life expectancy risk.