Chances are you’ll spend a significant portion of your working years saving for retirement by building up the balances in your traditional IRA or 401(k) account. Perhaps you’ll even save in both types of accounts. Over the course of your career (or careers) you may even accumulate several 401(k) or IRA accounts.
When you reach your retirement age, whatever that age may be, you’ll start withdrawing these funds. It’s important to understand all of the rules and restrictions relating to IRA and 401(k) withdrawals; you do have flexibility in the timing and amounts of your withdrawals, but not complete freedom.
... Articles Tagged ‘IRA withdrawal’
How do IRA and 401(k) Withdrawals Work?
Chances are you’ll spend a significant portion of your working years saving for retirement by building up the balances in your traditional IRA or 401(k) account. Perhaps you’ll even save in both types of accounts. Over the course of your career (or careers) you may even accumulate several 401(k) or IRA accounts.
When you reach your retirement age, whatever that age may be, you’ll start withdrawing these funds. It’s important to understand all of the rules and restrictions relating to IRA and 401(k) withdrawals; you do have flexibility in the timing and amounts of your withdrawals, but not complete freedom.
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Wednesday, March 20th, 2013
Chances are you’ll spend a significant portion of your working years saving for retirement by building up the balances in your traditional IRA or 401(k) account. Perhaps you’ll even save in both types of accounts. Over the course of your career (or careers) you may even accumulate several 401(k) or IRA accounts.
When you reach your retirement age, whatever that age may be, you’ll start withdrawing these funds. It’s important to understand all of the rules and restrictions relating to IRA and 401(k) withdrawals; you do have flexibility in the timing and amounts of your withdrawals, but not complete freedom.
... How Much Should You Take From Your Retirement Account Each Month
There are a lot of online calculators to help you figure out how much you should be saving for retirement. While it’s certainly important to come up with a plan to reach that goal, the total amount you accumulate in your 401(k), IRA and other retirement accounts is only one side of the equation.
In order to make sure that you’re able to live a comfortable and healthy retirement, you also need to determine how much you should be taking out of your retirement accounts each month. Ultimately, you’ll have to balance your living expenses with not depleting your resources...
Friday, February 10th, 2012
There are a lot of online calculators to help you figure out how much you should be saving for retirement. While it’s certainly important to come up with a plan to reach that goal, the total amount you accumulate in your 401(k), IRA and other retirement accounts is only one side of the equation.
In order to make sure that you’re able to live a comfortable and healthy retirement, you also need to determine how much you should be taking out of your retirement accounts each month. Ultimately, you’ll have to balance your living expenses with not depleting your resources... 
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