You’ve Been Saving. Now What?
You’ve worked long and hard to nurture your retirement account. But when is the right time to start benefiting from your hard-earned savings? Because IRAs and 401(k)s offer tax benefits, the IRS permits you to leave your money untouched until your 59 ½ birthday. However, just because you can withdraw funds doesn’t mean you should. |
Retirement approaches quickly, so navigate to the quick reads linked below to help answer some of your questions regarding retirement financing.
For awareness of some retirement finances:
Navigating Retirement Pitfalls
For information on borrowing from a 401K:
Should You Borrow From Your 401K
For information on penalty free withdrawals from a Traditional IRA:
IRA Withdrawals that Escape the 10% Tax Penalty
For mitigating the concern of experiencing negative returns in retirement:
Retirement Income and the Traditional Portfolio
For a discussion about systematic withdrawals and the sequence of returns:
Systematic Withdrawals in Retirement