Well, 401(k)s are not inherently ponzi schemes, though I suppose it doesn't mean someone can't figure out a way to turn it into one.
It's typically best to roll your 401(k) out to your own IRAs once you leave your employer. That way, you don't have to worry about the money not being yours to control.
Finally, yeah, it's best to plan for a lower withdraw rate. Having too much retirement nest egg has never stopped anyone from being able to retire, but having too little has.
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