Whether you’re almost ready to retire or just (wisely) planning ahead, there are five tips that can help optimize savings when withdrawing your investments.
Test your knowledge:
- Don’t dive straight into your 401(k) or IRA — you could cost yourself years’ worth of income in retirement savings. Tip or Mistake?
- Don’t automatically claim Social Security benefits at age 62. Tip or Mistake?
- Do start auto-withdrawing money from your 401(k) when you turn 59-and-a-half. Tip or Mistake?*