8/9/2013

The transition from saving for retirement to withdrawing money to live in retirement can be a difficult one, but many financial planners are offering new tools for calculating a "safe withdrawal rate" and showing how much savings are required to generate needed retirement income. In addition, the Labor Department is preparing a rule, with broad insurance industry support, requiring 401(k) employers to provide participants with lifetime-income illustrations that translate account balances into future income checks.

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