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Determine your best “guesstimate” of how long you’ll live, Create an income withdrawal strategy, Create a budget, Verify Diversity of your investments, Plan for income in case your life goes into “extra innings” , “KISS:” Keep it simple – Consolidate your accounts.
Your retirement will benefit from an informed understanding of key numbers. How big is your nest egg? How much money will you need to live on? How much should you draw from your funds each year?
Don’t let the statistics scare you. With a little advance planning and self-discipline, you can possibly improve the odds in your favor.
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