Reported 8 months ago
Financial expert Suze Orman cautions against solely relying on the 4% retirement rule in today's economic climate, citing its potential dangers due to record-high inflation and interest rate hikes. Orman suggests a lower withdrawal figure of 3% and emphasizes the importance of growing an emergency fund to avoid tapping into retirement savings prematurely, warning that Americans without emergency savings could face financial challenges ahead.
Source: YAHOO