27 Clever Ways to Save and Spend Money During Retirement

Keep Money in Your 401(k) as Long as You Can

Though not all employers will allow this, keeping your money in your old employer’s 401(k) plan as long as possible can be a great strategy for retirees. For starters, your money will remain in its tax-deferred wrapper. Even better, you’ll still have access to all of the 401(k) options of your former employer. Assuming you were in a good plan, this can be a lot less stressful and more convenient than having to roll over your 401(k) plan into an IRA and start your whole investment program over from scratch.

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