No. of Recommendations: 3
Another way is to buy a fixed annuity or series of fixed annuities from an insurance company and let them worry about making your funds last.

Because nothing is left for your heirs (or unanticipated needs), the annuity can pay better monthly benefits.

If you retire on investments, your concern about longevity and future needs often means conservative spending, which in turn often means a nice inheritance for your heirs.

Its a trade off. Do you take the risk or let the insurance company do it for you for a price?
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