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Anyway would love to see any tips on actively managing one's nest egg during retirement

I've suggested before that, if they have not tried managing their own investments, people should read and study to an idea how to invest, and then TRY some actual investments with "play money" first!

Yahoo, for example, lets you set up an "account" and "buy" X shares of various stocks, and then see how it works out after some days, weeks or months. You can then find out if you have the temperament to even try that sort of thing, as well as see how you do with your "picks".

There are some equities that pay pretty nice dividends, too. Several of the Canadian Royals, as they are called, or energy stocks, pay monthly dividends that can add up to 10 or 15 percent or more, if you can ride out the price fluctuations. (Consider if you withdrew 6 percent per year but were earning 12 percent!? Not too shabby!) A few of these include PGH, PVX, HTE, and several others. Some of the bulk shippers pay nicely, too, like EGLE, DRYS, and some others. Before buying any for real, you can try them in that make believe account and see how they work out.

Just remember that NO stocks are "totally safe" or "sure", so never dabble with money you cannot afford to lose, and try to invest (or trade) carefully.

Good luck.

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