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Tag Archive: how to build your own personal pension with an annuity

What’s the Best Way to Get Income from Your IRA or 401k after You Retire?

Carl Ostenson

This is kind of like asking “Who makes the best pizza in Chicago?”, Ask 5 people and you are bound to get 5 different opinions. So let’s look at 3 common ways that people get income from their retirement accounts. We’ll also look at the Pros and Cons of each, and then you can decide. 1)  Put your money in the bank and live off the interest This is the most conservative approach. Many seniors who remember hard times seem to go with this one....

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