MONEY FOR LIFE

Surveys confirm that the No 1 worry among older Americans is running out of cash.  Fortunately, financial planners have come up with sound ways to prevent this. Give yourself some peace of mind and put some of these general rules into action. THE MAGIC NUMBER:  The key to long-term planning is knowing one essential number:  how much money you can afford to spend annually. From there, you can adjust your expenses to fit.  Your two main sources: Your personal savings and investmentsYour guaranteed income from other sources STEP 1.  TALLY YOUR GUARANTEED INCOME.   The most common source is Social Security....