Spending in Retirement: From Nest Egg to Income
March 15, 2015 at 07:30 AM EDT
Consider the following two options: 1) You are 55 years old and have $800,000 today to cover your retirement spending, starting at 65. 2) You are offered $4,000 in monthly income, starting on your 65th birthday and lasting until you die. Which one would you prefer? If you chose option two, you’re...