How to plan to spend your retirement savings
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Financial planners recommend a tailored approach to withdrawals that reflects real-world retirement returns and spending.
ILLUSTRATION: BLAIR KELLY/NYTIMES
Brian J. O’Connor
Many people are more worried about running out of money in retirement than dying, and many retirees could be on track to turn that fear into a stark reality.
For instance, nearly half of America’s retirees do not take any systematic approach to withdrawing what totals many billions of dollars in retirement assets. Just 22 per cent of retirees follow any kind of plan.
