Forget the 4% Rule? Retirement Expert Says Take Just 2.8% a Year — Even With 90% of Your Money in Stocks
Bridgeway CEO John Montgomery says retirees should withdraw 2.8% annually, below the traditional 4% rule.
A money expert says people who retire should take out less money each year (2.8% instead of 4%) to make sure their savings last their whole life, even if they invest most of it in stocks. This tells us that experts worry about keeping money safe longer, so watching how much people spend in retirement is worth paying attention to.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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