• Question
  • how can I run out of money, I have a live time income from VA & S/S

    Asked by a 97 year old man from Morongo Valley, CA on 6/19/2014

    how can I run out of money, I have a live time income from VA & S/S

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  • Categories: Retirement Planning, Out of Money

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • If your expenses exceed your income, then our calculator makes up the difference from your liquid savings - and then once that amount is depleted marks that as your projected out of money date. You'll still have income, but it may not be enough to maintain the standard of living that you have been accustomed to.

    We have logged an issue to clarify this language.

  • Login to rate this answer:   Answered on 7/7/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.