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Managing your retirement nest egg

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MANAGING YOUR RETIREMENT NEST EGG

1. Managing your retirement nest egg

2. Using a rollover IRA

3. Finding an IRA trustee

4. Consolidating retirement accounts

5. Handling a rollover

6. Indirect rollovers

7. Selecting an annuity

8. Withdrawal strategies

9. Required withdrawals

10. Minimum required distributions

11. Naming beneficiaries

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Managing your retirement nest egg

Whatever you think about retirement — that it’s sneaking up on you, staring you in the face, or taking its own sweet time — you’ll have to make a number of financial decisions when you retire that will affect your lifetime income and your beneficiaries’ long-term security.

You many find the prospect of making these choices intimidating, especially as you discover that some of your decisions are irrevocable. And when it comes to managing money, even your revocable decisions can have long-term consequences.


	There are some retirement choices you have to make carefully, since you can’t change your mind once you’ve committed yourself. Here are some to watch out for: Taking a lump sum withdrawal from your retirement plan Choosing the way your pension annuity will be paid Buying an immediate annuity

If you withdraw 10% of your retirement account in a year in which your investment return is 5%, you’re not locked into taking the same amount the following year. But if you continue to withdraw at a faster rate than your account grows — even if you really need the money to live on — you run the risk of running out of money much sooner than you anticipated.