Tue, March 18, 2025
[ Tue, Mar 18th ]: Zawya
Qatar's corporate finance revenue to exceed $192.30mln in 2025
[ Tue, Mar 18th ]: Cryptopolitan
Tax rules in Germany require crypto investors to keep record of transactions
[ Tue, Mar 18th ]: Fortune
Wall Street sell-off is actually being caused by .. ectations vs reality, says JPMorgan strategy boss
[ Tue, Mar 18th ]: Kiplinger
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[ Tue, Mar 18th ]: AOL
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[ Tue, Mar 18th ]: EquityBulls
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[ Tue, Mar 18th ]: Goodreturns
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[ Tue, Mar 18th ]: CoinDesk
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[ Tue, Mar 18th ]: GlobalData
Novuna Business Finance partners with BBB for green asset finance pilot
[ Tue, Mar 18th ]: Forbes
Smart Strategies For Improving Cost Control, Efficiency And Sustainable Growth
[ Tue, Mar 18th ]: Bloomberg
Vietnam at 'Real' Risk of New US Tariffs, US Business Group Says
[ Tue, Mar 18th ]: Monitor
Plan your business exit early
[ Tue, Mar 18th ]: Moneycontrol
Urgent Loan Apps: How they work and other key details to check before borrowing
[ Tue, Mar 18th ]: Insider
An HR company says it used a Slack trap to catch a corporate spy
[ Tue, Mar 18th ]: Reuters
Defence firm QinetiQ warns of US, UK contract award delays, shares fall
[ Tue, Mar 18th ]: Week99er
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Mon, March 17, 2025
[ Mon, Mar 17th ]: Quartz
Forever 21, Hooters, and 7 other restaurant and retail chains going bankrupt right now
[ Mon, Mar 17th ]: Entrepreneur
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[ Mon, Mar 17th ]: Variety
Netflix Shares Rise on Bullish Analyst Upgrade Ci .. re U.S. Price Hikes, Outlook for Strong Ad Growth
[ Mon, Mar 17th ]: Bizcommunity
Mining services company secures dynamic capital funding from Edge Growth
[ Mon, Mar 17th ]: KHON2
Affordable housing bills still alive at Hawaii legislature
[ Mon, Mar 17th ]: CNET
Tariffs Explained: What They Mean for You and Your Everyday Costs
[ Mon, Mar 17th ]: Vanguard
Strategic cost management in a shifting global economic landscape
[ Mon, Mar 17th ]: SmartAsset
Ask an Advisor: I Need $3500 Per Month to Cover M .. . Should I Take Social Security or Tap My 401(k)?
[ Mon, Mar 17th ]: Dawn
No proposal to revise govt pay scales under consideration, clarifies finance ministry
[ Mon, Mar 17th ]: Narcity
CBSA is looking to hire for these jobs across Canada and you can make over $100,000
[ Mon, Mar 17th ]: LAist
Checking in on Medi-Cal as state approves $3 billion loan and concerns of federal cuts loom
[ Mon, Mar 17th ]: Bloomberg
Hong Kong Billionaire Developer Lee Shau-Kee Dies at 97
[ Mon, Mar 17th ]: Insider
FreeTaxUSA Review 2025
[ Mon, Mar 17th ]: Investopedia
What Negative Return on Equity (ROE) Means to Investors
[ Mon, Mar 17th ]: Kiplinger
CoreWeave IPO: Should You Buy CRWV Stock?
[ Mon, Mar 17th ]: SiliconANGLE
Shadow AI: Companies struggle to control unsanctioned use of new tools
[ Mon, Mar 17th ]: MARCA
What to do if you receive a text message from the .. t the $1,400 stimulus payment? It could be a scam
[ Mon, Mar 17th ]: CNN
Forever 21 is going out of business in the United States
[ Mon, Mar 17th ]: Moneyweb
eThekwini allocates R10bn to rebuild municipal infrastructure
[ Mon, Mar 17th ]: Astrofame
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[ Mon, Mar 17th ]: ProPakistani
Govt May Present Next Year's Budget Earlier Than Usual
[ Mon, Mar 17th ]: cnbctv18
NBFID secures ?20,000 crore equity support, ?5,000 crore grant from government
[ Mon, Mar 17th ]: Forbes
Workforce Optimization: A Critical Path To EBITDA Growth
[ Mon, Mar 17th ]: GhanaWeb
LIVESTREAMED: Day 2 of Parliament's 2025 post-budget workshop
[ Mon, Mar 17th ]: Reuters
Airbus and others call for sovereign infrastructure fund, buy European
[ Mon, Mar 17th ]: BusinessTech
Parliament hacked, and Fitch ratings debt warning for South Africa
[ Mon, Mar 17th ]: AOL
Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Microsoft
[ Mon, Mar 17th ]: Moneycontrol
Correction forced mid and smallcap funds to rejig top stock holdings in February
Sun, March 16, 2025
[ Sun, Mar 16th ]: Reuters
Volkswagen, FAW venture to launch 11 new models tailored for China from 2026
[ Sun, Mar 16th ]: Mint
Investing in China: The how and why of it

Ask an Advisor: I Need $3500 Per Month to Cover My Expenses. Should I Take Social Security or Tap My 401(k)?

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
I'm retired and receive a pension but I still need to supplement my monthly income. My choices are to claim Social Security or start withdrawing money from my 401(k). I'm 64 and have $200,000 in a 401(k).
The article on MSN Money discusses a retiree's dilemma on whether to start taking Social Security benefits or to withdraw from their 401(k) to meet their monthly expenses of $3,500. Financial advisor Brandon Renfro outlines several considerations: firstly, the timing of Social Security benefits is crucial as delaying can increase the monthly benefit amount, but immediate needs might necessitate earlier withdrawal. He suggests calculating the break-even point for Social Security to understand the financial implications of starting benefits early versus later. For the 401(k), Renfro advises considering the tax implications of withdrawals, the longevity of the funds, and the potential for investment growth if left untouched. He also mentions the possibility of using a combination of both strategies, like taking partial Social Security while supplementing with 401(k) withdrawals, to balance immediate needs with long-term financial security. The article emphasizes the importance of personalized financial planning, considering one's health, other income sources, and potential changes in financial needs or laws.

Read the Full SmartAsset Article at:
[ https://www.msn.com/en-us/money/retirement/ask-an-advisor-i-need-3500-per-month-to-cover-my-expenses-should-i-take-social-security-or-tap-my-401-k/ar-AA1B5bP0 ]