4 Things to Consider in Retirement to Make Your Money Last

Once you're in the distribution phase of your financial life, you need to focus on preserving your wealth by managing risk and being tax efficient.

In the years leading up to retirement, you can keep your financial focus pretty simple. It's all about working and accumulating money.

But the closer you get to actually calling it quits—and permanently stopping those paychecks—the more important it is to drill down a little deeper, to make sure you have a plan in place to help you preserve your wealth so that it lasts for as long as you live.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Curvin E. Miller IV
Vice President, Russell and Company Total Wealth Management

Curvin E. Miller IV is vice president of Russell & Company Total Wealth Management. He is a Chartered Retirement Planning Counselor designee through the College of Financial Planning, has passed the Series 7 and 66 exams and is a licensed insurance professional. He was named one of the Top 18 Alumni from 2004 to 2013 by his alma mater, Miami University in Ohio. Miller co-hosts the weekly "Retirement Rescue Radio" show. He is a longtime swimmer and loves mountain biking.