How to Prevent Outliving Your 401(k) and Savings

Retirement security starts with guaranteed income and smart strategy.
How to Prevent Outliving Your 401(k) and Savings
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Income solves many things, and generating it during retirement is, if necessary, essential to prevent yourself from outliving your financial resources. You can use a combination of income sources, including Social Security, investment withdrawal, and part-time work.

Personalize your strategy by combining different tactics, such as dividend stocks for potential growth and annuities for guaranteed income. It’s all about foundational, guaranteed income and investing.

Foundational and Guaranteed Income

Foundational and guaranteed income are streams of income that are steady and consistent. They are the cornerstones of any retirement plan. However, understanding when and how they are used is essential.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property and casualty insurance agent for nine years. She was also licensed in health and life insurance. She went on to own an advertising agency, where she worked with businesses. She has been writing about personal finance for 10 years.