Mystery no more: Portfolio allocation, income and spending in retirement

How do retirees manage their money? Apparently, very inefficiently. While it seems wise to save your money by only withdrawing the minimum required amount from retirement funds (as mandated by US tax law), an analysis by J.P. Morgan reveals that there’s not much to gain from this behaviour. It doesn’t support the spending habits of retirees, and leaves you with a big balance you’ll never get to use. Instead, they encourage withdrawing as much money as needed to upkeep spending habits, making better use of your savings. Read full article here


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