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Retirement Countdown: Take Action Now to Get the Life You Want by David Shapiro

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Chapter 3. Establishing an Income You Can't Outlive

Establishing an Income You Can't Outlive

Cash, dough, greenbacks, moollah, dinero—whatever the moniker, the amount of money we have will define what we can and can't do in retirement. Retirement is all about money and our ability to manage it so that we can use it during our retirement years and leave an estate for our loved ones if we choose to do so. Perhaps the most important point of this chapter is to convince you that you must establish an income that you cannot outlive. With life expectancy increasing, you run the very real risk of outliving your income.

In many respects, the art of asset accumulation is far less challenging than ...

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