The Best Retirement Strategies?

A researcher at Stanford University decided to find the “best answers” to key retirement questions. He sought help from the Society of Actuaries and compared the results of 292 strategies. He looked at two questions: when should Social Security benefits begin and at what rate should other money be spent? Readers of Retirement Watch won’t be surprised by the results, but the answers should be comforting to most readers.

After analyzing 292 different retirement income strategies, the research team identified the best way for most people to withdraw their money in retirement. They call it the “spend safely in retirement” strategy.

“This is a strategy that people can use to decide if they’ve got enough money to retire,” says Vernon. “But also, a lot of people are uncertain as to when they’ll retire and if they should work part-time for a while, so this strategy can help them think through those questions.”