3 Scenarios Where Using the 4% Rule Won't Make Sense for Your Retirement
A recent Northwestern Mutual survey found that Americans think it will take $1.46 million to retire comfortably. That's a sum that may be attainable if you start saving early enough.You, on the other hand, may be looking at even more than $1.46 million in your 401(k) or IRA -- or maybe not. But no matter how much money you're retiring with, you don't want it to run out, which is why it's important to establish a smart withdrawal strategy.Image source: Getty Images.Continue reading
A recent Northwestern Mutual survey found that Americans think it will take $1.46 million to retire comfortably. That's a sum that may be attainable if you start saving early enough.
You, on the other hand, may be looking at even more than $1.46 million in your 401(k) or IRA -- or maybe not. But no matter how much money you're retiring with, you don't want it to run out, which is why it's important to establish a smart withdrawal strategy.
Image source: Getty Images.
