NEW YORK (Money) -- When it comes to withdrawing money from savings for retirement, why don't more advisors encourage people to just live off interest and dividends and leave the principal alone?
This approach would alleviate the worry of not having enough to live on late in retirement and would also assure you could leave an estate for heirs. That's my plan anyway, and that's what my father did as well. Why don't more advisors recommend this strategy?
The main reason advisers rarely recommend that people live off interest and dividends and leave the principal alone is that few retirees have a large enough nest egg to pull off such a strategy. For the complete story visit www.msnmoney.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment