Why a 64-Year-Old Couple Is Spending Down a $1.4 Million 401(k) First and Letting Social Security Grow 8% a Year Until 70

Why a 64-Year-Old Couple Is Spending Down a $1.4 Million 401(k) First and Letting Social Security Grow 8% a Year Until 70 — Live Feedhttps://www.live-feeds.com/feed/why-a-64-year-old-couple-is-spending-down-a-1-4-million-401-k-first-and-letting-social-security-grow-8-a-year-until-70Continuously updated, source-cited coverage. Strategy for a $1.4 Million 401(k) and Social Securityhttps://www.live-feeds.com/feed/why-a-64-year-old-couple-is-spending-down-a-1-4-million-401-k-first-and-letting-social-security-grow-8-a-year-until-70https://www.live-feeds.com/feed/why-a-64-year-old-couple-is-spending-down-a-1-4-million-401-k-first-and-letting-social-security-grow-8-a-year-until-70#u87204Mon, 28 Sep 2026 10:25:46 +0000A 64-year-old couple chooses to spend down a $1.4 million 401(k) first while allowing their Social Security benefits to grow by 8 percent annually until age 70. This retirement strategy intersects with broader financial planning concerns regarding required minimum distributions, potential tax penalties on retirement accounts, and complex retirement calculator errors. Managing large retirement accounts requires careful navigation of distribution rules to avoid steep tax penalties associated with missed withdrawals or inherited accounts.Why it mattersRetirement planning decisions often hinge on