retirement

Savvy ways to withdraw retirement funds

Retirement » Savvy ways to withdraw retirement funds

How to tap your retirement funds
Previous
1 of 10
Next
How to tap your retirement funds © Adolfo Rodriguez - Fotolia.com

How to tap your retirement funds

Saving for retirement is half the battle. Withdrawing from your retirement funds so they provide a steady income after you stop working presents a whole other set of challenges.

"As much as 70 percent of your hard-earned retirement funds can be eaten up by income, estate and state taxes," says individual retirement account guru Ed Slott, author of the retirement-planning books, "Fund Your Future: A Tax-Smart Savings Plan in Your 20s and 30s" and "The Retirement Savings Time Bomb ... and How to Defuse It."

Compare banks for the best savings rates

To avoid costly traps, Slott and other experts urge consumers to know the rules, plan carefully and maximize opportunity whenever possible.

Previous
1 of 10
Next

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
9 myths about IRAs
MORTGAGE REFINANCE AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 3.82% --0.00 3.82%
15 year fixed 3.00%  0.04 3.04%
5/1 ARM 3.13%  0.16 3.29%
 
View Rates in your area Next
Product Rate Change Last week
30 year fixed refi 3.91%  0.03 3.88%
15 year fixed refi 3.10%  0.01 3.09%
10 year fixed refi 3.13%  0.02 3.15%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.65% --0.00 2.65%
48 month used car loan 2.74%  0.13 2.87%
60 month new car loan 3.10%  0.03 3.13%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 1.07%  0.01 1.06%
2 Year CD 1.18% --0.00 1.18%
5 Year CD 1.76%  0.02 1.78%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.86% --0.00 15.86%
Cash Back Cards 16.37% --0.00 16.37%
Low Interest Cards 11.10% --0.00 11.10%
 
Next
advertisement
Partner Center
advertisement

Connect with us