The Retirement Withdrawal Fear - AMAC & The Motley Fool
Maurie Backman tells the story here about one man’s worry over taking anything from his nest egg, a fear more common than many realize. Social Security will replace just 40% of pre-retirement income, and so savings from a lifetime of work with interest compounded over decades is what will really makes retirement worthwhile. But Backman notes your savings aren’t going to do you much good if you’re too worried to use them. She explains how to be mindful of withdrawals and in addition notes that waiting too long may mean you’re physically unable to enjoy that nice $10,000 trip. Full piece here.