Tag: withdrawal rate

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I’m 62 With $1.6 Million in an IRA and a $2,800 per Month Social Security. What’s My Retirement Budget?

A budget by definition includes both income and expenses. The two halves of a budget are interdependent, so that if...

Retiring With $1.4M in Our Early 60s: Can We Safely Withdraw $90k per Year?

There are going to be many factors that help you determine if you’re ready to retire to $90k per year for as long as...

If You Have $1 Million in Retirement Savings, Here’s How Much You Could Withdraw Per Year

You’ve hit the million-dollar mark in your retirement savings. Congratulations! But now comes the tricky part: figuring out how much you can safely withdraw...

The 4% Rule Isn’t for Everyone – Here’s Another Type of Strategy to Consider

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. The 4% rule has long provided guidance...

Morningstar Gives the 4% Rule a Thumbs Up – Can You Trust It for Your Retirement?

There’s been an ongoing debate about whether retirees should abandon the “4% rule” for withdrawals from retirement accounts, a retirement income rule of thumb...

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