Investment Management Corporation, an investment advisory firm located in Roanoke Va. has calculated how much income can be safely withdrawn to make sure it will last for as long as needed.
The Consolidated Appropriations Act of 2016 made permanent the benefits that had been temporarily available when making direct transfer charitable contributions from individual retirement accounts.
For years, financial planners have advised clients to replace 80% of their pre-retirement income in order to live comfortably in retirement, but you may need less retirement income than you think.
