Fiscal Times

Excerpt: “Potentially the most important decisions baby boomers make before entering retirement are about income planning. I often recommend waiting to begin drawing Social Security as long as possible—and using 401(k) or other accounts first—to maximize the monthly income,” says Dan White, founder and president of Daniel A. White & Associates, based in Glen Mills, Pennsylvania. “The volatile economy is pointing many toward the value and stability of defined benefit programs, such as Social Security, pensions and annuities, that give retirees piece of mind. Avoiding these decisions until it’s too late can mean worrying about running out of income later in life.”  See More



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