Most retirees have some combination of six sources of income to draw upon in retirement. But when the stock market is down significantly, taking income from some sources may hurt your wealth in the long run. Instead we suggest pulling income in this order…
Published by Motley Fool Wealth ManagementOriginally posted on Tue, Aug 2, 2022Last updated on September 24, 2024
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Footnotes
1Marketwatch.com, May 20, 2022
2cbsnews.com, Jun. 17, 2022. An estimated $3 trillion has been lost from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College.