Imagine if you could draw your final breath at the same time you spent your last dollar. Okay, so maybe you don't want to contemplate exhausting either one. But giving it some thought is a darn sight better than running out of money before you run out of time.
There are a host of factors involved in figuring out a safe rate for drawing down your nest egg and for calculating how much you can spend in retirement. This course and the accompanying worksheet will guide you through the process.
Download and print Morningstar's Income Worksheet for Retirees at http://news.morningstar.com/pdfs/Income_Worksheet_Retire.pdf. (Note: The worksheet is available as a PDF file. You will need Adobe Acrobat Reader to view and print it.)
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