With average life expectancies rising, one of the main concerns for working Americans reaching retirement is: How can I ensure that I won’t outlive my savings? Here are five ways to make your money last:
Though fewer U.S. workers have traditional pensions, millions still do. And that means that as retirement nears, they must decide how to take the benefit – as a lump sum, a monthly income for life, or income for the life of a spouse as well.
Would you rather retire with taxable or tax-free income? With tax rates at historical lows, it is imperative to plan your next move before they rise in the future. Here are four tax-free income sources and their benefits.