Reported 5 months ago
The article discusses the financial considerations for a couple in their early 60s with $1.4 million in retirement savings who are contemplating an annual withdrawal of $90,000. Withdrawing more than the widely-followed 4% guideline could pose risks of depleting savings early in retirement, especially due to market conditions. It's advised to consider factors like inflation, healthcare costs, and asset allocation when determining a safe withdrawal rate. Seeking guidance from a financial advisor to develop a personalized withdrawal and investing strategy is recommended to balance income with longevity and ensure savings last a lifetime.
Source: YAHOO