Reported about 2 months ago
At 65, having $1.4 million in your IRA offers a strong foundation for a long retirement, but sustainability requires careful planning. To make the most of your savings over potentially 25 years or more, consider essential factors like income needs, investment strategies, tax implications, and required minimum distributions (RMDs). Utilizing a safe withdrawal rate, such as the 4% rule, can help ensure your savings endure, alongside strategic financial management with the assistance of a financial advisor.
Source: YAHOO