Hey Guys,
I have a question for you wonderful people. Everyone in here always talks about saving in your retirements so you can live comfortably later, but I have found it difficult to find information that makes sense to me on how the withdrawing of the 401k works. I get the investing part, and letting it compound. But how does the end work? I know you can withdraw percentages, but could you hypothitically just withdraw it all on day one of retirement(yes I know why this would be a bad idea)? What happens to it when you die? Could you withdawl 10 or 15% a year if you really wanted to? I guess the basis of my question is what are some of the stipulations come retirement time? Is it pretty much yours to do what you please, or is there a lot of government regulation?
Submitted October 18, 2018 at 09:02AM by aftershocckk https://ift.tt/2Cucgn8
