Retirement
from24/7 Wall St.
2 days agoA Couple With $3.1 Million Disagrees on Whether to Take Social Security at 62 or 70
The couple must decide when to claim Social Security, weighing immediate income needs against long-term benefits.
When it comes to making your retirement savings last, there are two fundamentally different approaches you can take. The first is the more traditional strategy, which focuses on an annual withdrawal, likely around the popular 4% theory. The hope is that by doing so, you'll be able to pull out just enough to live while also having enough money to last for another 30 years.