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It’s the year 2035, and you’re retiring at age 70. Unfortunately, your company closed its defined benefit (DB) pension plan to new employees years before you were hired, and Social Security hasn’t been providing a cost-of- living adjustment since 2025, when the first wave of Baby Boomers became too great a strain on the government’s so-called retirement safety net. Thank goodness, you were smart enough always to join your employer’s 401(k) and contribute the maximum. Now, you have a substantial nest egg, but you are faced with the one question no one can answer: How long will you live?

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