It's indoctrinated into our lives that we need to prepare for retirement. How much we may need, how we need to accomodate our lifestyles. The list is endless. But the practical side of being retired may still need some direction.
On today's Equifax Finance Blog, New York Times best-selling author and retirement expert Dan Solin explains a very specific part of your retirement strategy: When to withdrawal from your savings accounts. With all of the accounts from 401(k) plans to IRAs, annuities, taxable accounts and pensions, it can be difficult to know when to use what and it can be crucial because when to withdraw can determine how long your savings last.
Which accounts should you use first? How much should you take out? And how long will your accounts last? For the answers, read the full post.
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blogand CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.