 Retirement spend-down

Retirement spend-down refers to the process of gradually withdrawing and using the savings and investments accumulated during one's working life to support expenses during retirement. It involves managing the distribution of funds from retirement accounts, such as 401(k)s, IRAs, pensions, and other savings sources, to cover living expenses, healthcare costs, leisure activities, and other financial needs during retirement. Key aspects of retirement spend-down include: 1. **Withdrawal Strategy**: Determining how much money to withdraw and when.