October 2021
Beginner
352 pages
8h 40m
English
Content preview from 401(k)s & IRAs For Dummies
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Chapter 17
Managing Your Plans after Retirement
IN THIS CHAPTER
Setting yourself up to live the good life
Making decisions about your retirement accounts
Withdrawing required minimums
Considering taxes
Managing your risk
Living your retirement life
Living out your retirement years is supposed to be easy, but it isn’t. It takes careful planning even with good professional help. It occurred to me as I was writing this book that for me it has been similar to running a business. Running a successful business requires having a budget each year. A good business plan includes expected expenses and income for each month of the year. You track both during the year and make adjustments as needed to keep things on track. I do that with my personal planning. I keep monthly tabs to confirm that things are on track. My planning includes the likely sources of income during my 70s and soon-to-be ...
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