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 has calculated how much income can be safely withdrawn to make sure it will last for as long as needed.
In general, your retirement plan is safe from claims by other people. Federal law does make an exception for family support and the division of property at divorce...
Whether retirement savings will last throughout one’s remaining lifetime is a common concern for most everyone when thinking about withdrawals from savings to provide the necessary income to cover future spending.
Whether you are approaching retirement or actually already hopefully enjoying this time of your life, you need to know how to make sure that your income will be sufficient and also last as long as you live.