You don't touch your "private" account until you retire. At that time, a schedule is put together determining how much you would need per month, and that amount is doled out to you from the account for the rest of your days.
"You don't touch your "private" account until you retire. At that time, a schedule is put together determining how much you would need per month, and that amount is doled out to you from the account for the rest of your days."
At what age is the retirement considered valid? (per government definition) Do you know if that age is connected to 401K investments?