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We've already told the kids that their paid for college education is their inheritance, but things don't always go as planned, and being as active as we are, who knows how we'll go, or when.

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.
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