Do You Have a Spend-Down Plan for Your Retirement?
A great deal of emphasis is placed on saving for retirement–as it should be. It is probably one of the most important long-term investments you will make in your life. But what is not discussed as frequently or in as much detail is how people withdraw money from their retirement savings accounts and other investments. It is not a cut and dry process, as taking from one pot could cost you more than withdrawing from a different one. In fact, a study by Vanguard Research states that an effective withdrawal strategy can add up to 1.1% of annualized value […]
