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Managing Money in Retirement II: Income for a Lifetime
This is the second of a series of posts on retirement withdrawal strategies. If you haven’t read Managing Money in Retirement I, please read it first! Most of us would feel more comfortable having a reliable source of income in retirement — at least enough to cover our essential needs – rather than being completely at the mercy of uncertain investments in stocks, bonds, real estate or more exotic things. As a practical matter, though, how can we go about building the floor of a floor-and-upside strategy? First, let’s define what we’d like in the ideal world. The best source of income would be an inflation-indexed payment, lasting for…