Savings and Investments

Individual Retirement Accounts

What do people do with their IRAs after they retire and begin accessing their holdings?

Forty-four percent use the money to pay for living expenses, 31% saved it in another account or reinvested it, 19% spent it on a health care expense, 15% used it for a home purchase, remodeling or repair, 14% used it for an emergency, 6% purchased a big-ticket item, 3% used it for education, and 12% used it for miscellaneous purchases.


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