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Don’t Run With Your Retirement Money!

 

At the time of retirement, many individuals are faced with making decisions about how to manage the most money they have ever seen at one time. For many this is the most important financial decision of their lives, since that money has to last for a lifetime. WISER (Women’s Institute for a Secure Retirement) and The Actuarial Foundation, developed a new consumer guide to tackle some of these issues.

Don’t Run With Your Retirement Money: Understanding Your Resources and How Best to Use Them covers the basics, such as, resources for retirement income, figuring out how much money will be needed in retirement, in addition to the issue of drawing down assets during retirement. This booklet is filled with practical insights on annuities, self-managed investing, dealing with lump sum distributions, Social Security* and accounting for taxes.

 

These materials are intended to provide general information and should not be used as a substitute for legal or other professional advice. Every effort has been made to ensure that the information contained in these materials were true and accurate at the time of publication. Some information may have changed since publication.

*This booklet refers to annual statements from the Social Security Administration (SSA). The SSA no longer mails statements but may resume this practice beginning in fall 2012 and only to Americans age 60 and older who are not currently receiving benefits. For more information, visit the SSA website.

Don't Run With Your Retirement Money