Despite enjoying the longest-running bull market in history, most preretirees have a substantial retirement savings shortfall.

The average 65-year-old in the U.S. will outlive their savings by almost a decade, according to a new report by the World Economic Forum. And the typical household nearing retirement has only saved enough in their combined 401(k)s and IRAs to provide them at most $600 a month, according to the most recent Federal Reserve Survey of Consumer Finances.
— Read on www.marketwatch.com/story/7-reasons-to-consider-this-little-known-retirement-saving-strategy-2020-01-09