Reported about 1 month ago
Morningstar's latest research indicates that the long-debated 4% rule for retirement withdrawals may still be a viable strategy. Originally proposed in 1994, this rule allows retirees to withdraw 4% of their retirement fund annually, adjusted for inflation, with a high likelihood of sustaining funds for 30 years. Despite fluctuations in market conditions, Morningstar projects that with current economic improvements, retirees can confidently adhere to this guideline, while also suggesting that a flexible withdrawal approach may allow for larger initial withdrawals.
Source: YAHOO