It’s official: Baby Boomers are beginning to retire. For this reason, advisors may see (or have already seen) an increase in the number of participants retiring. Those on the verge of retirement have accumulated wealth their entire working lives and have created their own paycheck manufacturing companies from their 401(k).

However, is this enough to guarantee them a paycheck for life? There are several steps advisors can take to help ensure that those thinking about retirement or the newly retired won’t run out of money during their “desirement” years – the time that they spend in retirement.

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