(Bloomberg Prophets) –People are worried about geopolitical risk, interest rate risk, liquidity risk, losing money, volatility, uncertainty and the permanent impairment of capital. The list could go on forever.

For the tens of millions of baby boomers who have retired or will be retiring in the years ahead, there is another risk that could prove far more important.

The biggest threat to the majority of retirees will be outliving their nest egg.

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