Tag: RMD

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More than one of this blog’s readers said a recent article about 401(k)s was hardly revelatory. But it sure generated a lot of comments. Ed McGrath wrote this about “Retirees with Pensions Slower to Spend 401(k):” “Well thank you for this Caption Obvious.” Perhaps the article struck a nerve because baby boomers are the generation…

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For most retirees, figuring out how much money to withdraw from savings every year is a difficult-to-impossible math problem. But the issue goes much deeper: fears about what the future might bring make this decision overwhelming. Extreme caution is a popular solution. A 2009 study estimated that by the time middle-income retirees are in their…