When to Withdraw 401(k) and IRA Savings for Retirement
If you watch the news, it seems like the biggest issue facing retirees and those soon to be retired is inadequate savings.
But that’s not actually the case.
According to research by the Blackrock Retirement Institute, most current retirees still have 80% of their retirement nest egg available two decades into retirement. That figure is constant across all income levels and is expected to continue until 2030.
The challenge for Baby Boomers isn’t accumulating savings for retirement, it’s decumulating in the most efficient way. In other words, for most people in t