It is not easy to transition from accumulating wealth to suddenly managing years of withdrawals. You have worked hard to accumulate wealth. You need your wealth to last through your life without running out.
Before you experience the joie de vivre of leaving your 9 to 5 behind, take a moment to think about the best and most tax-efficient retirement withdrawal strategies. Also, consider steps to maximize and organize your finances before taking retirement withdrawals.
Learn how to decumulate retirement savings and generate income in a tax-efficient way.
This post originally appeared at Barbara Friedberg Personal Finance.