Here's the Best Way to Make the 4% Rule Work for You in Retirement
With the right approach, you may find that it's a great way to manage your money.
Overview
When you've worked hard to kick off retirement with a nice amount of savings, you don't want to have to worry about that money running out. That's why having a withdrawal strategy is key. And you may decide that the 4% rule is worth following.
The 4% rule tells you to withdraw 4% of your savings your first year and adjust future withdrawals for inflation. If you stick to that plan, there's a good chance your nest egg will last for 30 years.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.