In Retirement Planning, Timing of Withdrawals is Everything
Planning for retirement can be complicated. Many retirees rely on a combination of Social Security retirement benefits and retirement savings accounts such as IRAs. Knowing when it is in one’s best interest to start taking benefits or withdrawals is crucial: not too early and not too late.
When it is “too early” to take benefits or withdrawals may be a matter of opinion. After all, if a retiree…