10,000 baby boomers turn 65 every day. This is expected to continue for the next 17 years. Their retirement years will not resemble that of the generation that preceded them, the greatest generation. Most of the information disseminated by the media about retirement has focused on saving for retirement and the inherent risks of not saving enough. Those risks are easy to see. But what about when you actually retire and start to draw down your nest egg? There are risks that we face after we retire which are unique and for which many of us are unprepared. Some of those risks are:
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