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Maureen hesitatesInternational Business Times UK
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71% Informative
Maureen, a 66-year-old retired teacher, relies on a modest $ 1,601 monthly from Social Security to make ends meet.
Though she has a 401(k), she is reluctant to draw from it, worried that she might exhaust her savings too soon.
Maureen 's anxiety about outliving her retirement savings is shared by many Americans , as evidenced by a 2024 BlackRock Read on Retirement report.
Her financial constraints can be isolating, as she often has to turn down invitations to concerts and restaurant dinners due to the expense. Maureen understands the need for additional funds but hesitates to withdraw from her 401(k) account. She intends to wait a few more years before withdrawing from her savings, aiming to reach the age of 70. However, she acknowledges the possibility of needing to tap into her retirement funds earlier, stating, "Unless I have to do it before that," she said, "And I might have to." Copyright IBTimes 2024 . All rights reserved..
VR Score
77
Informative language
85
Neutral language
14
Article tone
informal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links