If retirement is looming close or if you're looking for financial freedom at any age, you need to understand the maximum amount of money you can withdraw from savings. You need to know how to find a balance between maximizing saving today — and avoiding outliving your money in your retirement years.
Your safe withdrawal rate determines the lifestyle you can afford. It also determines the amount of savings you need to fund it. It will literally make or break your financial security.
But few financial experts really understand the complexity of safe withdrawal rates and how practical solutions work. Instead, they apply oversimplified rules of thumb—like the oft-quoted 4% Rule—and arrive at dangerously misleading conclusions.
The 4% Rule and Safe Withdrawal Rates in Retirement dives deep into the subject with a brief yet complete analysis. It provides a readable solution written in everyday language and earned praise from leading academic researchers.
With this resource, you can throw the conventional “rule of thumb”out the window and replace it with a step-by-step model for accurately figuring your safe withdrawal rates in retirement.
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