Cryptocurrency Q&A
What is 4% rule in retirement?
What is 4% rule in retirement?
Carolina
Mon Dec 02 2024
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6 answers
1500
I'm interested in learning about the 4% rule in retirement. Could you explain what it is and how it works in terms of financial planning for my post-work life?
6 answers
CryptoPioneer
Wed Dec 04 2024
This rule advocates that retirees can withdraw an amount equivalent to 4% of their total savings in the year they retire.
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CryptoMercenary
Wed Dec 04 2024
The withdrawal amount is based on the initial savings and is not adjusted for fluctuations in the savings balance over time.
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CryptoWizard
Wed Dec 04 2024
After the initial withdrawal, the amount is then adjusted annually for inflation.
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DigitalLegend
Wed Dec 04 2024
This adjustment ensures that the purchasing power of the withdrawals remains consistent over the years.
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RobertJohnson
Wed Dec 04 2024
The 4% rule holds a prominent position among retirement withdrawal strategies.
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