"In the current economic environment, we are looking at the distinct possibilities of higher-than-expected levels of inflation, rising interest rates, negative returns on investments and reductions in future Social Security benefits.... [W]hat is a retiree to do today to mitigate financial risks and sleep better at night? [1] Periodically adjust spending budget to reflect actual experience ... [2] Use a floor portfolio to fund essential expenses ... [3] Use conservative assumptions ... [4] Spend less."

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