So, you’ve saved all this money. It’s one great
big retirement cake just ready to be sliced and doled out as
bite-sized income payments. Hmmmm. Deciding exactly how many
slices may pose a bit of a problem. Here’s why:
- You may be drawing retirement income for decades.
- Income needs change over time. Early on, you may splurge
on travel; in middle years you may settle in to a modest routine;
and in later life, healthcare may be expensive.
- You and your spouse may have many savings accounts to juggle.
- Many and varied rules apply to how and when you can access
your retirement savings.
- Tax and investment implications must be weighed.
- It’s easy to spend too much in early years and shortchange
yourself later on.
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Are You Nearing Retirement?
