3 Ways Retirees Are Spending Their IRA Savings

After decades of building a solid nest egg, retirement is the time to finally crack into it.

Yet, many retirees who were great at saving find themselves less sure about how to spend all that accumulated money.

Recently, the Investment Company Institute surveyed more than 9,000 adults to learn more about the characteristics and activities of those with IRA accounts.

As part of the survey, ICI looked at what retiree households — defined as those in which the head of household or spouse has retired from their lifetime occupation — do with the funds they withdraw from traditional IRAs.

Following are their answers.

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