« Jonathan Clements’ Getting Going – Rethinking Rebalancing | Main | Doing a Proper Rollover »
Ten Questions to Ask Before You Tap Your Nest Egg
By JLP | December 21, 2005
Last week, I referred to an article in the Wall Street Journal’s Encore section. Well, I found a link to the free version to the article. Here it is: Before You Open That Nest Egg … It is a really good article that discusses the following questions:
1. Am I starting at the right time?
2. Can I do this myself or should I get help?
3. What are my plans for my nest egg?
4. Have I estimated my expenses in retirement?
5. Do I understand my options – and possible pitfalls – when leaving work and taking my next egg with me?
6. What is a realistic rate of withdrawal from my savings?
7. Do I have a withdrawal strategy?
8. Have I factored life expectancy and inflation into my plans?
9. Should I buy an annuity?
10. Do I have a backup plan?
Topics: Retirement Planning | No Comments »