Managing your income is always important, but it becomes even more critical during retirement, when your income comes from your savings rather than from wages and earnings. Because your source of income - which you saved so carefully during your working years - is limited during retirement, you need to ensure that it lasts through your retirement years. This means determining your income needs in the years leading up to your retirement and, once you retire, efficiently managing your retirement assets. In this article, we look at some issues you need to consider when doing these things.
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