01.10.20
Financial Firms Want to Make It Easier to Withdraw Retirement Savings
by: Greg Iacurci
Firms like Charles Schwab and Fidelity Investments are leveraging technology to try making the process of withdrawing money from retirement accounts easier for retirees. Experts say this is a primary focus for most financial institutions, which recognize the opportunity afforded by the task's complexity and demographic demand. “There are 10,000 baby boomers retiring every day,” said Tobin McDaniel, head of digital advice and innovation at Charles Schwab. “They're trying to figure out how to make their money last.”
Read the full article on CNBC