Quote from: gregf on March 15, 2022, 06:08:31 PMFinancial Advisor here 30 years of experience.
Bob, ( or any others)what's your take on the 4% rule of withdrawing your money? He's my scenario. During the pandemic, we had 3 coworkers about 50 all die within one month. A good friend of mine, 50 at the time, up and quit at this point. He and his wife pooled all their money and a plan to draw 7% indefinitely if the past returns continue.
My plan is to budget 50% retirement with my pension and to draw 5 to 6% from 401k for the rest. More money comes in when I can collect social security. Also, if my returns do poorly. I dont anticipate spending lavishly when I'm 75.
Anybody else have advice on withdrawal rate?
Sent from my SM-A516U using Tapatalk
The 4% withdrawal rate is based on living until age 95 with 2% inflation and 5% growth rate. I