When you’re ready to retire, how can you be sure you’ll have enough money to last? And what’s the best way to withdraw your savings over the years?
Steve Vernon, consulting research scholar at the Stanford Center on Longevity, set out to answer these questions by collaborating with the Society of Actuaries (SOA) on a research project: “How to ‘Pensionize’ Any IRA or 401(k) Plan.” “What we wanted to do was identify a strategy that middle-income workers could use that’s fairly straightforward and that they could do on their own,” Vernon tells CNBC Make It.
