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 At the time of retirement, many individuals are faced with making decisions about how to manage the most money they have ever seen at one time. For many this is the most important financial decision of their lives, since that money has to last for a lifetime. WISER (The Woman’s Institute for a Secure Retirement) and The Actuarial Foundation, developed a new consumer guide to tackle some of these issues. Don’t Run With Your Retirement Money: Understanding Your Resources and How Best to Use Them covers the basics, such as, resources for retirement income, figuring out how much money will be needed in retirement, in addition to the issue of drawing down assets during retirement. Don’t Run is filled with practical insights on annuities, self-managed investing, dealing with lump sum distributions, and accounting for taxes.
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