Reported 22 days ago
A study by JPMorgan Chase found that 84% of retirees are limiting their withdrawals to the required minimum distributions (RMDs), which may not meet their annual income needs and could leave them with excess funds at the end of their lives. The research highlights the need for retirees to adopt a more flexible withdrawal strategy that aligns with their actual spending requirements, rather than relying solely on RMDs. This could optimize their retirement income and ensure they avoid outliving their savings.
Source: YAHOO