Hi,
What advice would you give a family (a decade under 59.5) that has 99.5% of their net worth tied up in retirement accounts and very little to no liquidity? Is there a way to navigate this without incurring Uncle Sam's wrath? Help!
PS: I understand that it could have been so much worse and there could be ZERO net worth, but this is a challenging problem due to liquidity issues aside from monthly income.
What advice would you give a family (a decade under 59.5) that has 99.5% of their net worth tied up in retirement accounts and very little to no liquidity? Is there a way to navigate this without incurring Uncle Sam's wrath? Help!
PS: I understand that it could have been so much worse and there could be ZERO net worth, but this is a challenging problem due to liquidity issues aside from monthly income.