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Why a 64-Year-Old Couple Is Spending Down a $1.4 Million 401(k) First and Letting Social Security Grow 8% a Year Until 70
Most retirees protect their 401(k) and grab Social Security early, but one couple is doing the opposite and their tax math reveals why the conventional move quietly costs hundreds of thousands of dollars.
A 64-year-old couple has $1.4 million in a 401(k), no pension, and a plan that sounds backward to most of their friends: live entirely on the 401(k) until 70, then claim the maximum Social Security benefit.
The question comes up constantly. On a June... [3859 chars]
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