Tips to Avoid Outliving Your Retirement Income

The following excerpt is from an article that originally appeared on A Place For Mom

You’ve worked hard your entire life to get ready for retirement and the last thing you want to do is outlive your retirement income.Don’t want to run out of money later in life? Consider the following tips.10 Tips to Avoid Outliving Your Retirement IncomeWords you never want to hear when you’re retired:“You’re broke.” “You have to go back to work.” “You have to move in with your kids.”Sadly, these are just the words that some people do hear, and they hear them a lot more often than you might realize.Fortunately, there are ways that you can avoid outliving your retirement income:1. Save as much as you can for as long as you can.Start with your employer-sponsored retirement plans at work and make sure you’re making the maximum contributions to the plans. If you’re under age 50, your current-year yearly maximum is $18k; if you’re over age 50, you get to contribute an additional

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