According to some statistics, roughly 10,000 Americans turn 65 every day. And that trend will continue -- every day -- until 2020. Though some will put off retirement to continue working, almost all will eventually leave the labor force.
Today's retirees are also facing a bittersweet prospect: They're living longer. While people rightly argue that this is a great problem to have, it does present a unique challenge: ensuring that there's enough money left in tax-advantaged retirement accounts to last the rest of one's life.
With so many different retirement vehicles available, it's important to follow a specific sequence in liquidating your savings. Motley Fool contributor Brian Stoffel talks about the difference between Traditional IRAs and Roth IRAs, and how you can stretch your retirement dollars to last as long as possible.
Don't forget about Social Security
While some people question how long Social Security will be around, those who are retiring today will no doubt be able to draw on funds from the service. In our brand-new free report "Make Social Security Work Harder for You," our retirement experts give their insight on making the key decisions that will help ensure a more comfortable retirement for you and your family. Click here to get your copy today.