No Idea Where The Money Is Coming From?

This is a fairly common feeling among those reaching retirement age. The saying better late than never does apply to retirement planning but hopefully that is not the time you are starting to think about it. Many people have money sitting in IRAs and 401Ks but don’t know how to properly manage when to take the money out. A solution to this is to move the money into one of several retirement income funds. Annual dividends are paid out to retirees as income rather than accumulating in the fund. This helps to add to the amount of income a retired person can expect to receive.

1 March 2009 | Business