The Retirement Withdrawal Rule Millions of Americans May Be Getting Wrong
It could end up hurting you big time.
Overview
If you're saving for or approaching retirement, there's a good chance you've heard of the 4% rule. For decades, it's been the gold standard for managing a retirement nest egg.
The 4% rule has you withdrawing 4% of your portfolio during your first year of retirement and adjusting that amount annually for inflation. If you stick to that plan, there's a good chance your retirement savings will last for about 30 years.
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Details
Source
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.