Suze Orman helped this low-income retiree figure out the best order for tapping into her retirement accounts

Core Insights - The article discusses various retirement savings strategies, emphasizing the importance of tax-advantaged accounts like Roth IRAs and the need for strategic withdrawals during retirement [2][4][10]. Group 1: Retirement Savings Strategies - Suze Orman advocates for Roth IRAs as a top choice for retirement savings, suggesting that they may not be the first source to withdraw from [2][4]. - A survey indicates that only 42% of Americans feel confident about their retirement savings, with 61% expressing greater fear of retirement than death [3]. - Orman recommends prioritizing withdrawals from taxable accounts, such as traditional IRAs, before tapping into tax-free options like Roth IRAs [4][5]. Group 2: Investment Options - Ray Dalio promotes gold as a "timeless and universal" investment in the current high-inflation environment, suggesting that specialized IRAs, such as gold IRAs, could be beneficial [1][6]. - Priority Gold offers services for converting existing IRAs into gold IRAs, including free rollovers and storage for up to five years [7]. Group 3: Financial Planning and Advice - The article highlights the importance of seeking financial advice to create a retirement plan tailored to individual lifestyles [9][11]. - The 4% rule for withdrawals is mentioned, but Orman criticizes it as risky, recommending a more conservative approach of withdrawing no more than 3% [10].