A recent study by Allianz Life indicates that 67% of Americans are more afraid of running out of money than dying, the highest level recorded. Contributing factors include rising inflation, fluctuating stock markets, and uncertainties surrounding Social Security. The 2026 EBRI Retirement Confidence Survey shows that only 64% of Americans feel they will have enough money for a comfortable retirement, reflecting a decline in confidence since 2017. Experts emphasize that financial planning is essential, as nearly 50% of Americans do not have a written financial plan, which exacerbates stress. They recommend establishing a 'guaranteed income floor' through sources like Social Security and annuities to cover basic expenses. Additionally, maintaining cash reserves for 2-3 years of living expenses can help individuals manage market downturns without panic. Ultimately, addressing emotional fears and having a flexible financial strategy are key to enhancing confidence and security in retirement.