Part 5/8:
The financial advisors recommend that individuals in Thomas's position continue earning income as they approach retirement. This strategy can afford time for the retirement funds to grow, potentially allowing for larger withdrawals later. For instance, postponing access to retirement savings until reaching the age of 70 can foster substantial growth, meaning retirees might find themselves in a position to withdraw much larger amounts—such as $200,000 annually—from a significantly larger principal.