11/19/2022 0 Comments Ne yo one in a million set![]() ![]() Another is to invest the money in a standard portfolio, typically one diversified with mutual fund, stock, and bond investments, then withdraw a fixed percentage of that portfolio each year to pay living expenses. One technique is to purchase an immediate annuity, which converts the retiree's lump sum into a guaranteed monthly paycheck for the remainder of their life. Let's take a closer look at two of the key strategies shrewd retirees employ to stretch $1 million throughout their retirement years.
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