So You've Saved $1 Million for Retirement. Now What?

For many people, retiring with $1 million is a goal worth working toward. And if you've managed to save $1 million -- say, by socking funds away from a young age and investing your money wisely -- you may now have a world of financial flexibility to look forward to during your senior years.

Or do you? While it may seem like a $1 million nest egg should allow you to retire without a care in the world, the reality is that you'll still need a plan for managing that money. Here's how to do so -- and ensure that your nest egg serves you well.

Let's be clear -- $1 million is a lot of money. But in the context of what could be a 30-year retirement or more, it may not last as long as you'd like it to.

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Source Fool.com