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You spend your life working and saving, but in retirement everything turns upside down as you transition to a life of leisure and need to turn those savings into reliable retirement income.
There are different ways of determining how much retirement income you will need and many different strategies for securing that income.
Your retirement income may come from a mix of savings withdrawals, Social Security, pensions, passive income, annuities, retirement jobs, and more.
Whether retirement means kicking up your feet, pursuing a new career or enjoying a favorite hobby, there’s one looming concern most Americans share: running out of money. A study from Allianz Life Insurance found that most Americans fear running out of money in retirement more than they fear death. Sixty-one percent of all respondents said…
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