Filed under: Retirement
Get ready to play the retirement game even more cautiously: The common wisdom that a 4% annual withdrawal rate is the safe way to avoid outliving your money is increasingly coming under fire. In fact, it may well become a thing of the past.The theory was simple: If you spent a maximum of 4% per year of your retirement funds, the decline in principle will be slow enough that your money would last as long as you did. Though the percentage seems modest and the reasoning sound, this 4% rule...
Forget the 4% Rule: Retirement's Common Wisdom Is Obsolete originally appeared on DailyFinance.com on 2012-03-26T13:20:00Z.
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