Some retirees are able to live solely on the earnings that their investment portfolios produce, but most also have to figure out how to draw down their principal over time. Even if you've calculated how much you can withdraw from your savings each year, market volatility can present a special challenge when you know you'll need that nest egg to supply income for many years to come.
Ask the Money Dr.
I have an irrevocable trust with my three sons named as beneficiaries. Can only one son draw money out of that account or do all three have to sign? Read Answer