Single Women Over 60, Make Your Retirement Last!

As I was sipping wine with girlfriends last weekend, one turned to me and said, “I’m afraid I’m going to outlive my retirement fund, so I’m not going to take any money out of it until I have to.” She went on to say, “I want to be independent and not a burden to my kids.” She was afraid of outliving her retirement savings.

“How much can I withdraw?” is a question I get asked often by women, often single women, getting ready to retire. We spend so many years saving for retirement (accumulation phase) and don’t think a lot about how much we can withdraw when we reach retirement...

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