You’ve been saving for retirement for years. You’ve watched the account grow, contributed to your plans and worked toward that number you hope will carry you through your later years.
But what happens when it’s finally time to start living on what you’ve saved?
America’s Money Maven, Vicki Brackens, joins George Kilpatrick to talk about the next chapter of retirement planning: turning savings into income. They explore some of the things that can affect your financial picture after you stop working, including Social Security, pensions, healthcare, taxes and everyday expenses.
Vicki says retirement planning is more than reaching a savings goal, you should also have a plan for how your money will work for you when the paycheck stops.
Looking to go a litter deeper? Download Vicki’s full 401(k) Success Hack Kit below.
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