How to Generate an Extra $20,000 a Year in Retirement
Many retirement plans allocate your savings to varied stock and bond portfolios and, based on historic averages, tell you how much income those assets might generate until you reach a certain age, such as 90. That planning does not typically account for unexpected expenses, such as health care or a storm-damaged roof, and usually ignores what happens if you live longer than planned.
Better retirement planning ensures you have basic income for life along with a plan for meeting those extra expenses.
Imagine having an extra $20,000 every year to withstand those unexpected budget hits or, better yet, to spend on:
- A 12-day cruise for two from Venice, through the Greek Isles to Israel and back to
