I've heard about a financial strategy called the 4% withdrawal rule, but I'm not sure what it means. Can someone explain this concept to me, including how it works and why it's important for retirement planning?
6 answers
SamuraiCourage
Mon Dec 02 2024
The 4% rule serves as a popular guideline for managing retirement spending.
alexander_jackson_athlete
Sun Dec 01 2024
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Thunderbolt
Sun Dec 01 2024
This rule suggests a straightforward method for withdrawing funds from investments.
CryptoElite
Sun Dec 01 2024
According to the 4% rule, individuals should calculate the total value of their investments.
Claudio
Sun Dec 01 2024
In the initial year of retirement, retirees are advised to withdraw 4% of their total investment amount.