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Written by Sara Hansard
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Monday, 28 September 2009 |
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Retirees should consider annuitizing enough of their savings to cover such recurring expenses as rent or mortgage payments, utilities, food and medicine, AARP recommended in a recent report.
The 40-million-member association for people 50 and up released a “Money Matters” tip sheet offering general financial guidance that challenges some conventional wisdom. Issues addressed in the report include when to claim Social Security benefits, whether to buy an annuity and what to do with homes or mortgages. Full Story
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