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A new report from Morningstar recommends the safe withdrawal rate for retirees in 2025 is a mere 3.7% — a significant adjustment from the decades-old 4% rule that had dominated retirement planning.
In fact, if you decide that a 3% withdrawal rate is best for you, with $1 million, you're looking at $30,000 a year in retirement income. That could make a big difference in your lifestyle ...
The 4% rule for calculating portfolio withdrawals has been a tool advisors use to help clients plan for retirement since its inception in the 1990s. In that time, it's become perhaps the most well ...
This calculation should also adjust for inflation annually, which is supposed to help you avoid running out of money in retirement. According to this rule, if you have $2 million in retirement ...
Image source: Getty Images. What the 4% rule entails. The 4% rule tells you to remove 4% of your retirement plan balance your first year of retirement, and then adjust future withdrawals based on ...
According to Meyer, this method could allow for a higher initial withdrawal rate of about 5%, or $50,000 in the first year. But here’s the important part: It’s not set in stone.
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