Best Way to Retire Your 401(k) and Create Lifetime Income
For millions of Americans, the 401(k) plan has become the go-to retirement savings vehicle. It offers tax advantages, employer matches, and easy payroll deductions. But while saving into a 401(k) is relatively simple, retiring with a 401(k)—and turning it into dependable lifetime income—is a far more complex and risky challenge.
If you’re approaching retirement and wondering about the best way to retire your 401(k) account, it’s important to know that the decisions you make now will impact your financial security for the rest of your life. In this article, we’ll cover the smartest strategies for managing 401k income, explain why relying solely on a drawdown strategy can be dangerous, and provide better alternatives for creating guaranteed income. Read More
