Use Your Savings

Retiring means that your “savings” turn into “cash flow.”  Once the time is right, you’ll need to know how to access these funds.  These resources from the U.S. Department of Labor and Social Security can help you cash in:

• If you have participated in a traditional pension plan, a 401(k), or other employment-based retirement plan, the U.S. Department of Labor explains the procedures and timelines for filing a claim for retirement benefits. 

• The Social Security Administration offers electronic sign-up for benefits and allows you to start or change direct deposit of your Social Security benefits.

• Retiring? What to do with your 401(k) – Money Magazine Senior Editor provides direction
  
  

Buy a lot of books? Try the library instead.   Learn more...