20 Financial Considerations for Retirement
14. Plan Retirement Asset Withdrawals
Although asset withdrawal decisions typically arise after one has retired, taking time before retirement to plan the method and timing of withdrawals is a big consideration. The number one goal for most retirees is to make one’s hard-earned savings last as long as possible to include the timing of when to withdrawal taxable versus tax-deferred accounts. Another consideration is whether to take payments as an annuity versus a lump sum. Many consumers will want to consult a professional before making the final decision on what investments to liquidate in what order.
