A friend likes to say on the last day our your life you should spend your last dime and the check you write should bounce.In the real world, planning to make funds last to age 120 usually means there is a surplus for the heirs.The one sure way to avoid this problem is put all your funds into a fixed annuity. Then insurance company pays you for life, but keeps anything left over if you fail to live as long as the actuaries predict. Sounds like biting off your nose to spite your face if you don't have fears of running out of money. I like our kids. They are welcome to the extras.IP,not worried that it will be enough to spoil them, just enough to give them a boost
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