No. of Recommendations: 1
... if we just knew how long we are going to live.
It's really hard for retirees to net large real returns on investments, so most people have to guess how long they will live and choose a retirement budget that will stretch savings over those years and hope for no adverse financial extremes along the way. There may be a better way!

There is a way to practically ensure that a retiree will never run out of savings and still enjoy the fruits of good market conditions. That's to use a subset of the required-minimum-distributions (RMDs) from IRS Publication 590 . All those who have a qualified account (an IRA or employer savings plan) and are over 70 know about RMDs. They use the factors that apply to the original owners.

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