How to live it up in retirement, without burning through savings
My husband and I are planning to retire this year and want to enjoy retirement. We do not want to skimp on simple pleasures and die with lots of money in the bank. But we also don’t want to run through our savings too soon. So how do we calculate withdrawals from our nest egg to spend as much as possible of our assets before we shuffle off this mortal coil? –E.S.
You’d think that having a great time spending all the money you’ve socked away for retirement would be a cinch. After all, the whole point of saving and investing in 401(k)s and other retirement accounts during your working years is to enjoy yourself after calling it a career.