Make Your Clients’ Money Last Throughout Retirement
June 25, 2019 by InsuranceNewsNet
Many people worry about running out of money in retirement. That’s understandable, since we don’t know how long we’ll live, what your future costs might be and what kind of returns we can expect on our savings.
There are several ways, however, to boost the odds that your money will last as long as you need it. Among them:
Reduce your ‘must have’ expenses
Lowering your fixed expenses – shelter, food, transportation, insurance, utilities and minimum loan payments – can help you withdraw less from your savings, which in turn can help your money last longer.
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