A Big Reason the Famous 4% Rule May Not Work for Your Retirement

Key Points

• • The 4% rule is designed to help ensure that people don’t deplete their retirement savings too soon.

  • The rule makes certain assumptions about spending that may not apply to you.

  • It’s perfectly okay to stray from the 4% rule as long as you have a plan

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    To that end, financial experts have long recommended using the 4% rule. This strategy has you withdrawing 4% of your savings balance your first year of retirement and adjusting future withdrawals for inflation.

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Article URL : https://finance.yahoo.com/news/big-reason-famous-4-rule-131800102.html