The Retirement Withdrawal Rule Millions of Americans May Be Getting Wrong
It could end up hurting you big time.
The Retirement Withdrawal Rule Millions of Americans May Be Getting Wrong
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.
