The Famous 4% Rule for Retirement Could Fail You if You Don't Do This
There's a key tweak you should make.
Overview
After spending a lifetime saving for retirement, the last thing you want to risk is running out of money while you're still alive. And having a strategic withdrawal strategy could lower that risk.
For years, financial experts have been quick to suggest using the 4% rule. It has you withdrawing 4% of your savings your first year of retirement and adjusting future withdrawals to keep up with inflation.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.