Saving for retirement is hard. Knowing how to spend it down is harder.

[Zorro]

One of the biggest things on my mind these days — right up there with the Washington Nationals’ woeful bullpen — is retirement.

I am a few months from turning 64, so I’m not putting in my notice anytime soon. But 25 million or so Americans, ages 55 to 64, are, like me, wondering what they will live on during their “golden years.”

I have to be honest: I thought the hard part was living within your means and saving for retirement. It’s not. Trying to figure out how to cash out your nest egg — your tax-deferred retirement account, your taxable investments or both — so it will last the rest of your life can be even harder. It has me gnawing at my fingernails.

There are many variables when figuring out retirement finances. How well do you want to live? Do you want to leave anything? Do you want to help the kids or others? Charity?

https://www.washingtonpost.com/business/economy/saving-for-retirement-is-hard-knowing-how-to-spend-it-down-is-harder/2019/04/19/14fa43d4-6083-11e9-9412-daf3d2e67c6d_story.html