Jul 11, 2022
Do you truly know how long the money you’ve saving in your 401(k) will last during your retirement? In this episode, Terry, Richard and Pam discuss the benefits and potential flaws of a new federal rule that will require retirement plans to start providing lifetime income statements that show much monthly income their account could generate if they started taking qualified withdrawals at age 67. For some, these statements will provide assurances that their nest egg will support their lifestyle during retirement. For others, they’ll will be a wake-up call that they need to get their retirement savings plan back on track.