New type of retirement plans cut risk of outliving your money — but there’s a catch
Perhaps the biggest fear of people saving for retirement is outliving their money. But paradoxically, that fear can create a second problem: saving too much. Studies have found some people are so worried about running out of money that their balances grow even after retirement. Thus the challenging retirement conundrum: Save too little and risk the poorhouse; save too much and you could die before you have the chance to enjoy the golden years you spent an entire career saving toward. People struggling...