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Retirement strategy question

Rick Scott
4 years ago


I am retiring from a job I've had for 20 years. I plan to do this over 1-3 years (not sure yet) where each year is 1/2 of my normal work hours and 1/2 of my normal pay. I'm 65 and am not yet getting SS. I will need to supplement my 1/2 pay during these 1-3 years with $ from elsewhere.

My question, which would make most sense for me in terms of optimizing my retirement savings:

1. To withdraw the extra $ I need from my retirement savings? (It is not an IRA account, it is an account set up by my employer with the employer contributing a certain fixed % [up to 10%] of what I contribute from my pay check.)

2. To get the extra $ I need by contributing LESS to my retirement account (thus getting less matching $ from my employer)?

3. A combination of the two?

Thank you!


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