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Essentials of Retirement Planning by Eric Robbins

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CHAPTER 24

Managing Distribution Options

Introduction

Investors often have unrealistic expectations for the amount of money that their retirement savings could generate. Someone with a $250,000 account balance might approach retirement thinking that they could withdraw $2,000 per month to supplement their lifestyle demands. Is this realistic? The short answer is not in our current interest rate environment if they want their account to be sustainable for a long period of time. Clients need to understand what level of income they could expect from their savings as they mentally prepare for retirement.

They also need to understand what withdrawal options they have available to them beyond the required minimum distribution (RMD). A trained financial ...

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