There are a variety of factors that impact how long 401(k) savings will last, including: account balance, retirement age, living expenses, withdrawal rate, tax rates, charges and fees.
Several investigative reports by the Employee Benefit Research Institute, 60 Minutes, Frontline, Forbes and other organizations show that most accounts run out of funds within 7-8 years, due to fees and taxes. And, if tax rates increase in the future as expected, the savings may be depleted much faster.
To watch the video reports or for a detailed analysis to predict how long your savings will last go to http:// iflretirement.com/usa-insurance-brokers
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Several investigative reports by the Employee Benefit Research Institute, 60 Minutes, Frontline, Forbes and other organizations show that most accounts run out of funds within 7-8 years, due to fees and taxes. And, if tax rates increase in the future as expected, the savings may be depleted much faster.
To watch the video reports or for a detailed analysis to predict how long your savings will last go to http:// iflretirement.com/usa-insurance-brokers