How retirees can avoid outliving their money

10/23/2012 | CBS MoneyWatch

Retirees can better manage their investments by using them to generate a monthly paycheck that won't run dry, consulting actuary Steve Vernon writes. The options for doing this, Vernon writes, include living off only interest and dividends from invested savings, purchasing an immediate annuity from an insurance company and living off the benefits, or drawing down principal from savings slowly with a monthly withdrawal.

View Full Article in:

CBS MoneyWatch

Published in Briefs: