Make your money last forever: a step-by-step guide to how much you need to save and how to make it last a lifetime.(THE BIG PICTURE)

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IF, LIKE MICHELE SABATIER, YOU COUNT yourself among the more than 40 million baby-boomers who are 50 or older, the next five to 15 years will be critical to your financial future. That's when you'll need to top off your retirement savings, refine your investment strategy and figure out how to maximize your income after your paychecks stop.

Sabatier resigned last year from the National School Boards Association. in Alexandria, Va., to launch a new career as a teacher. After 18 years as a graphic designer and art director, she intends to trade a two-year commitment with the Mississippi Teacher Corps for a free master's degree in education from the ...

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