Live Longer On Less When Retirement Funds Run Out
Even with my health problems, my wife and I believed we were prepared for retirement fifteen years ago. Our nest-egg was substantial and the economy was in good health. We optimistically believed our retirement funds would last until we passed, and we would leave a large inheritance to our kids.
I retired at the age of 61 in 1998. My cardiologist advised that with the continued stress of my job I could soon be dead or at least severely disabled, but if I would get my life-style under control, I could expect to live past my actuarial age of 85. I resolved to beat the medical issues and live well the next twenty-five years.
My wife and I had both stashed money into self-directed 401 K accounts...Read More