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Looking at the 4% Rule on Retirement Savings Withdrawals
The “4% rule” that many of those heading toward retirement were told would provide adequate financial support needs to be re-examined in the light of a 21st century economy. With virtually non-existent interest income, the continuing disappearance of traditional pension plans, and the often-dramatic market volatility, this asset draw-down plan may require a fresh look to see how well it fits your circumstances. Forbes contributor Erik Carter provides some thoughts to help you figure it out. Read more…
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