Once a year, the IRS tells retirees with traditional IRAs and 401(k)s the smallest amount they must withdraw. A surprising number of them hear it as the largest amount they are allowed to spend. Unfortunately, some do not hear anything. A recent Vanguard survey of retirement account holders found that 44 percent of those who […]
Social Security is an annuity. Claiming it is the decision most people make by accident. Strip away the politics and the paperwork, and Social Security is a simple thing wearing a complicated costume. It is a lifetime annuity. You pay in during your working years, and in return you get a monthly check that keeps […]