Reported 10 months ago
A 67-year-old retiree shares her regrets about relying heavily on her 401(k) for retirement, citing drawbacks such as high tax penalties on withdrawals, mandatory withdrawals starting at age 72, and limited access during market fluctuations. She advises diversifying investments into Roth IRAs, brokerage accounts, and rental properties for a more balanced approach to retirement income.
Source: YAHOO