There are many strategies one can choose to close the gap for needed income during retirement.

Here is a list of the options you could choose from:

  • Increase retirement savings rate
  • Postpone retirement
  • Postpone Pension
  • Implement a pension income technique
  • Postpone activating Social Security
  • Implement a Social Security income technique
  • Reduce discretionary spending
  • Work full or part-time during "retirement" years
  • Use home equity for income
  • Convert managed assets to guaranteed income for life

A combination of these is always most effective. 

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