After spending years working and building a nest egg, the time comes for retirees to make the most of their new independence, including spending time with the people and priorities they value. Yet for too many Americans, the uncertainty of their retirement income clouds their retirement years. Sure, many people have planned ahead and saved, but the big question usually remains – will their assets give them the lifestyles they've come to expect?
Inflation erodes buying power, making everything more expensive; taxes eat away at the interest earned on savings; and retirees often face two or more decades in retirement. As a result, retirement assets will have to keep growing during retirement just to maintain retirees' standards of living. Or retirees are going to end up with less after-tax income than they might have been expecting and need. Consider this:
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