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Here are some things you can do with your money when you retire.
- Spend it on the things you enjoy most.
- Invest in your children or grandchildren's education.
- Sock it away in a savings account just in case.
- Pay off your mortgage or expensive loans.
- Start a small business and use some of your money as capital to start with, even if you don't think you're very good at business.
- Start a small business and then use some of your money as capital to start with, even if you don't think you're very good at business.
- Reduce taxes by investing in a tax-sheltered annuity.
- Pay off your house or mortgage and live off the interest.
- Put it in a bank account and let it sit there.
- Leave it to the next generation, trusting that the government won't take too much before they have a chance to use their inheritance.
- Save some of it to leave to your children when you die; saving some of your money for them to inherit.