Reported 2 months ago
Managing your retirement portfolio is crucial to ensuring that your $1.3 million IRA will last a lifetime. At age 59, consider working with a financial advisor to create a customized retirement income plan, focusing on factors such as longevity risk, growth potential, Social Security, and tax strategies. Implementing income-based investing, such as annuities or dividend stocks, can generate sustainable income without depleting your principal. Additionally, transitioning your 401(k) into a self-directed IRA offers greater investment opportunities. Planning ahead is essential for a secure retirement.
Source: YAHOO