I know there's a lot of talk about what to do to prepare for retirement in terms of investing in a 401k and what to do and not to do before retirement, but what about once you retire? I don't see much talk about that.
So once you do reach that golden age to retire and have a shit load of money in your 401k account, how do things work from there. Is there some automatic withdraw system where each month you withdraw x amount from your 401k account to live off of? Do you keep withdrawing until you die like Social Security or is there some limit as to how long you keep withdrawing? Do you have any control over any of this stuff like how much you can withdraw each month and for how long?
Any information, advice, and/or suggestions are greatly appreciated.
Submitted August 05, 2017 at 07:51PM by ibob430 http://ift.tt/2ucc2uh
