27 Clever Ways to Save and Spend Money During Retirement

Buy a Fixed Annuity

A fixed annuity is another way to ensure that you don’t outlive your savings. When you buy a fixed annuity, your lump sum of cash is turned into a lifetime stream of income, no matter how long you live. With life expectancy getting longer and longer, more than 30 years of retirement is no longer unheard of.

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