Retirement is the time to relax after a lifetime of working. When you retire, you will need to generate a steady income to maintain your lifestyle without depending on others. You might have done everything right to save for retirement — you started early, maximized your 401(k) plan, and avoided cashing out your retirement plan. But, how do you envision a steady income without having to go to work during your retirement years? This might seem challenging at first. But it’s still possible — if you develop a robust strategy based on your current financial status. To make sure you don’t outlive y…

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