How to Make Your Money Last in Retirement

Many people worry about running out of money in retirement. But Jim Mahaney, a retirement advisor in New Jersey, says you can lessen that worry by creating what he calls a "resilient retirement income plan." He just wrote a whole book about it — "How to Craft a Resilient Retirement Income Plan" and in this episode, Friends Talk Money podcast co-hosts Richard Eisenberg, Pam Krueger and Terry Savage talk about how, and why, to do just that.