Editor's note: This is the second article in a five-part series about all-asset retirement planning that is covering such topics as using annuities and housing wealth, making the most of tax benefits and establishing an investment strategy. Article one is It's Time to Redefine Retirement for Retirees With $500,000 to $5 Million: Here's How.
With the benefit of Social Security, almost all retirees are guaranteed some level of lifetime income. So, the question isn't "Will I run out of money?" Instead, it's, "How much income is enough to cover my living expenses, after covering my late-in-life health and long-term care expenses?"
