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Why guaranteed income for life doesn't always offer the best options Retirees are advised to tap only a certain portion of their retirement portfolio for income and leave the rest of their assets intact, according to Kiplinger. For one thing, capital gains and estate taxes are lower compared with income tax rates that apply to their retirement withdrawals while higher income may prevent them from qualifying for certain assistance programs because of income thresholds. Also, assets are considered private information and are more flexible compared with income. –Kiplinger

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