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How to Make Your Nest Egg Last a Lifetime
When you reach retirement and decide to live off of your retirement savings, you have to plan your annual withdrawals so that your retirement funds will last. You also need to calculate your Social Security benefits, your mortgage payments, and the rate of inflation. Putting all of these elements together can provide you with a retirement plan that prevents you from running out of money. Start planning to preserve your nest egg long before you reach retirement age.
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