Financial advice professionals have used the 4% rule as a benchmark for advising their clients in scheduling their retirement ...

On the other hand, if you have a chronic illness and don’t expect to live into your 90s, you could consider a higher rate.

One way to mitigate this issue is to keep some portion of your portfolio in cash or short-term bonds to meet short-term needs. You can rely on this cash buffer when the market is down, your ...

The financial advisor studied a system to determine a withdrawal percentage that would ensure no one would run out of money.

Morningstar’s new analysis suggests retirees can start with one withdrawal rate and adjust for inflation, but taxes, fees, and portfolio mix still matter.

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

In 2022, the last year for which there’s data available, the average retirement savings balance for 65- to 74-year-olds was ...

How does it work? The 4% rule is a popular retirement withdrawal strategy that involves withdrawing 4% of your total retirement savings during your first year of retirement. In subsequent years, you ...

When it comes to spending in retirement, financial advisers and investment experts have long clung to the golden 4% rule as ...