Where should you pull money from first in retirement? Here's the 'standard order' new US retirees need to know

Retirement income and savings take many, many forms but don't come with a whole lot of instructions when it comes to which to tap first. Liquid savings? Stocks? Bonds? Home equity? Social Security? Even the sale of equipment from a business can produce a good chunk of change, though where that comes in the pecking order assumes you have a pecking order in the first place.

Confused? It's understandable. Everyone's retirement situation differs so there's no paint-by-numbers guide to pulling money in a foolproof sequence. Rather, a clear-eyed assessment of your situation â€