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5 steps to ease your worries about money, health in retirement

What keeps you up at night when you think about retirement?  We asked financial planners what their clients who are planning for or living in retirement worry about and what can be done to alleviate those worries. Rita Cheng, a certified financial planner with Blue Ocean Global Wealth in Gaithersburg, Md., says pre-retirees worry — especially since many don’t have a defined benefit pension plan — whether they have saved enough in their 401(k) to pay for retirement.  If you have such worries, estimate how much income your nest egg will generate in retirement. Do this by estimating how many years your money would last if you withdrew 4% a year for 30 years. If you can’t make your money last that long, increase how much you are savin ...