When asked about their retirement, most Americans say they are building a nest egg and hope to comfortably live off of that and social security payments. For many, the goal is to save $1 million dollars. While it can be done by some the majority of retirees will never hit that mark. And those that are able to save this much can hope to earn about $40,000 a year in investment-grade bonds. But is this enough?
Many wealth planners advise their clients to focus on income diversification. By doing so you can ensure you will never outlive your nest egg.