On the day after you retire, which will matter most to you, the size of your 401k account or the income that it can provide without running out? Most people say its the income they worry about. Then why is there so little education about retirement income draw rates? Maybe its because the financial community does not have a financial incentive to teach people how to take their money out of their 401ik? That's just my opinion, of course. The bottom line is that your income draw rate in retirement is the most important thing to ask. Without a good draw rate, how can you sustain your desired lifestyle?
Kraig- What's personal pension Radio - About?
Optimizing Retirement income does not happen with a product. Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undenia