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Insurance against outliving your retirement savings Workers need to weigh their options carefully before buying longevity insurance in their IRA and 401(k) plans if they want to address the risk of outliving their assets, according to an article in The Wall Street Journal. While such an insurance policy offers benefits, there are also disadvantages. Clients are advised to defer Social Security benefits and buy longevity insurance only if the delay in benefits won't result in adequate retirement income. They should also buy such coverage from insurers with triple-A or double-A ratings of claims-paying ability, and make sure the purchases do not exceed their state guaranty fund's coverage limit to protect their investments.  --The Wall Street Journal

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