Which funds will you (or did you) tap first during retirement? Did you consider minimizing tax exposure?

Rolling over retirement money into IRAs (or annuities) really helped me minimize my taxes when I first retired. Also, I was awarded some ?bonus money’ (that had been pre-tax dollars), which I happily used for vacation. While I am still adjusting to a fixed income, I will look toward money market funds. Savings accounts are a great way to save; however, they can be a big let-down if you have to maintain a certain balance.”

- Cathy M., 56
Schuylkill Haven, Pa.

I think I’ll move in with my kids and make them give me an allowance to support myself. I’m joking, of course. I’m still working, but I don’t have a whole lot saved up, so retirement isn’t even on the horizon yet. I’m working with someone to put a plan in place so I can live off something other than Social Security, but I’m not sure what I’ll do yet.”