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The Complete Idiot's Guide® To Protecting Your 401(k) and IRA by Bill Lane, Jennifer Lane

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Organizing Your Accounts

In a way, you really can get away with less-than-perfect account organization and expense tracking when you’re working because your regular paycheck acts as a sort of cap on your spending. Once you set up your paycheck contribution to your retirement plan at work and your direct deposit to savings or other spending accounts, you may not have had to think much about expenses or even taxes. Cash flow management is tougher in retirement because you need to plan withdrawals from an account that is bigger than your paycheck ever was. The large balance can seem enticing, and expenses can get out of control if you’re not careful. But you can avoid this by setting up a retirement paycheck from your nest egg to your regular checking ...

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