Reported 8 months ago
Financial advisor Brandon Renfro discusses the strategy of using a 401(k) for the years between retirement and maximum Social Security benefits. Delaying Social Security for higher payouts is advised, but one must consider their own preferences and financial goals. Withdrawing from savings to bridge the gap is viable, but individuals should assess the risk of running out of money. A low withdrawal rate and careful planning can help maintain financial stability. Consult a financial advisor for personalized advice.
Source: YAHOO