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401(k) conundrum: lots of cash, no best way to make it last

2014-10-19 15:11:45| Biotech - Topix.net

The standard formula for squirreling retirement savings into bonds or certificates of deposit doesn't necessarily work in an era of increased longevity and depressed interest rates. American men who reach age 65 will live another 17.9 years on average, while women will live 20.5 years, according to 2012 data released last week by the Centers for Disease Control and Prevention.

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