10/22/2013 – Generate retirement income or leave a legacy? (CBS MoneyWatch)

Given the modest level of retirement savings many Americans have accumulated, most of us might need to forget about leaving a financial legacy to our children from our retirement savings. The reason? There’s a direct tradeoff between the amount of income we’ll receive during retirement and the amount of retirement savings that remains when we leave this earth for good.

Read the full article at CBS MoneyWatch.